Veytics Intelligence
2026-11-02 · NASDAQ

Stock Market Today, Nov. 2: Marvell Announces $115 Billion All-Stock Acquisition of Lumentum

Marvell Technology (NASDAQ:MRVL), a data infrastructure chipmaker for AI data centers, closed at $170.80, down 13%. The blockbuster announcement that the company was acquiring Lumentum sent shares lower, and investors are watching financing and integration risks next.

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