Marvell Bets Bigger on AI Optics With Lumentum Talks

Marvell Technology (MRVL) shares dropped 12% on reports of potential acquisition talks with Lumentum (LITE), valued at $83B. Lumentum shares rose 4%. The deal, if finalized, would be multibillion-dollar, requiring significant financing. Both companies are involved in AI and data center technologies.

Marvell Technology (MRVL) shares fell 9% after-hours on reports of potential acquisition talks with Lumentum (LITE), which rose 11%. Piper Sandler maintained an Overweight rating and $400 price target on MRVL, citing the strategic importance of Lumentum's high-powered lasers for AI. Lumentum, up 327% over the past year, has an enterprise value of $8 billion and is set to release earnings on November 5.

Marvell Technology's stock dropped 12% following reports of advanced talks to acquire Lumentum, which is valued at about $83B. Lumentum's stock rose 2%. A deal, likely paid in new shares, would expand Marvell's AI networking capabilities, competing with Broadcom and Coherent. Marvell's share count has increased after previous acquisitions.

Marvell Technology (MRVL) is in advanced talks to acquire Lumentum (LITE), according to Bloomberg. MRVL stock dropped 12% while LITE surged 5% on the news. Lumentum has a market value of $83B, Marvell $221B. The deal could be announced next week.

Marvell Technology Inc. (MRVL) fell over 8% on rumors of an $83 billion deal for Lumentum Holdings, raising financing concerns. Lumentum's stock rose. The acquisition would expand MarVell's AI infrastructure exposure, but financing risks remain. MRVL's cash is $3.92B. MRVL raised its 2028 sales target to $20B from $15B.

Marvell Technology (MRVL) is reportedly in advanced talks to acquire Lumentum Holdings (LITE), with a deal potentially announced next week. Lumentum's shares rose 15% in after-hours trading, while Marvell's fell 11%. Lumentum has a market value of $83 billion, while Marvell is valued at $221 billion.