AI Market Movers · Memory, networking & interconnect
Lumentum
LITE
Lumentum makes optical components for the same job: getting light, not copper, between the boxes.
Market reaction
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Today, Marvell announced an agreement to combine with @Lumentum, bringing together two of the fastest-growing enablers of AI to create a category leader in AI connectivity. As AI infrastructure scales and optical connectivity moves closer to compute, customers need increasingly
— Marvell Technology (@MarvellTech) Nov 2, 2026
Marvell has reached a deal to buy data center optics maker Lumentum at an enterprise value of $115 billion, one of the biggest tech tie-ups ever, in a race to capitalize on the AI boom. Full story:
— Bloomberg (@business) Nov 2, 2026
Latest news
Reuters
Marvell to buy Lumentum in $115 billion all-stock deal in AI data-center betMarvell Technology agreed to acquire optical-components maker Lumentum in an all-stock deal valuing Lumentum at an implied enterprise value of $115 billion, one of the largest…
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Closing Time: The AI megadeal Wall Street hatedCNBC reports that Marvell agreed to buy optical networking maker Lumentum in an all-stock deal that values Lumentum at $115 billion including debt, and shares of both companies fell sharply.
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