AI Market Movers · GPUs, accelerators & foundries
Marvell
MRVL
Marvell sells custom compute and connectivity silicon for the rack, the unglamorous chips that sit next to the GPU.
- Site
- marvell.com
Market reaction
Loading market data…
On X
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…
In the Daily
· Morning Brief
The web wants its words backIl Sole 24 Ore reports that an adviser to the European Union’s top court said Google’s Gemini chatbot may, in certain circumstances, infringe the rights of news publishers.
· Closing Time
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.
· Morning Brief
The cloud is growing faster than the cashCNBC reports that Amazon Web Services grew 39% last quarter to $45.98 billion in sales, beating Wall Street’s forecast.
· Closing Time
Closing Time: Wall Street sends Google the billAlphabet shares fell 12.6% after the company reported negative free cash flow of $9.07 billion for the third quarter, far worse than the $2.70 billion analysts expected.
· Morning Brief
“Super intelligence” required with a “voluntary” accordCNBC reports President Trump signed an executive order requiring executive-branch agencies to say “super intelligence” instead of “artificial intelligence,” a rebrand dropped the same day as the White House’s voluntary…