Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity

Multiple outlets reported on Mon Nov 2, 8:23 AM CT: Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity.

AgentMaverick News Desk · Mon, Nov 2, 2026, 8:23 AM CST · Source: CNBC

What happened

Source summary (excerpt): “The AI infrastructure deal is expected to close during the first half of 2028.”

Sourcing: reported by more than one outlet; see linked sources.

Reported from CNBC. Site-only brief: it was not posted on X.

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