Tag: Marvell

Marvell Agrees to Buy Lumentum for $115 Billion in a Bet That AI Data Centers Will Run on Light

Marvell will buy optical laser maker Lumentum in an all-stock deal it values at $115 billion, betting that AI data centers are about to move from copper to light. The deal will not close until 2028, and

AI Stocks Erased Last Weeks Selloff on Monday

Wall Street futures jumped Monday as chip and AI names rebounded sharply from the prior week's rout, with Intel up 5.4%, Meta gaining 2.4%, and Marvell adding 2.6%, as easing oil prices and Treasury yiel

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