Marvell Technology Group Ltd. Stock News

Chip designer Marvell Technology and optical components maker Lumentum could be moving toward a merger.

Shares in Marvell Technology have tumbled after a report that the chip company is close to buying optical-networking technologies manufacturer Lumentum Holdings. But analysts say the potential combination could make a lot of sense.

Stock futures are lower amid a tech sector sell-off this morning; Alphabet shares plunged after a disappointing earnings report from the Google parent; Microsoft shares rose after the company's results topped Wall Street estimates; Amazon is set to follow with its own third-quarter report tonight; and shares of Marvell and Lumentum are making big moves after a report that the companies are in d...

Alphabet heads for its worst day in more than six years after weak earnings, while Microsoft's solid results push shares higher.

Marvell stock was falling on its reported interest in acquiring Lumentum, which would come with a hefty price tag.

Two Nvidia-backed technology giants are in talks to merge, a move that would create a $300 billion company. Marvell Technology (MRVL) is in talks to buy Lumentum (LITE), a company that focuses on optics that are used widely in the data center industry.

Marvell Technology is in advanced discussions to buy data-center optics maker Lumentum Holdings, Bloomberg News reported on Wednesday, citing people familiar with ‌the matter.

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