🔴 Marvell Technology Group is trading 10.4% down in pre-market after reported advanced talks to acquire Lumentum

Marvell Technology Group is trading at $225.59, down 10.35%, after reports of advanced talks to acquire Lumentum.

• The deal could be announced as soon as next week, but no final agreement has been reached.
• Reuters reported Marvell shares fell more than 8% in extended trading after the news.
• Investors may be weighing the acquisition’s scale and financial implications. The broader semiconductor sector is also under pressure amid AI-spending concerns after Alphabet’s earnings.