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via finance.yahoo.comBusiness & Companies

Lumentum jumps on report Marvell is in late-stage talks to buy it

FROM THE WIRE · FINANCE.YAHOO.COM

AI chipmaker Marvell Technology reportedly is in late-stage talks to buy optical play Lumentum. Marvell tumbled and Lumentum jumped. Continue Reading

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA reported large acquisition in the AI optical space can move the shares involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Marvell Technology reportedly is in late-stage talks to buy Lumentum.
  2. 02Marvell shares tumbled while Lumentum jumped.
  3. 03The report is unconfirmed; no deal has been announced.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Lumentum Holdings Inc.LITEStock913.95 USDMarket closedtoday +5.52%Positive Marvell Technology, Inc.MRVLStock251.65 USDMarket closedtoday +3.32%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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