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Summary
Marvell (MRVL) fell 13.24% to $218.34 on October 29, 2026, far more than the Nasdaq Composite's 1.38% decline.
Bloomberg reported that Marvell is in advanced talks to buy optical component maker Lumentum, according to Investopedia, and neither company commented.
No final agreement has been reached, and Motley Fool said investors focused on financing and dilution risk.
Gotrade News - In the latest Marvell stock news, shares of Marvell Technology (MRVL) closed at $218.34 on Thursday, October 29, 2026, down $33.31 or 13.24% in the US session. Marvell stock fell after Bloomberg reported that the chipmaker is in advanced talks to buy optical component maker Lumentum, according to Investopedia.
MRVL Trading Data
Data
Value
Closing price
$218.34
Change
-$33.31 (-13.24%)
Previous close
$251.65
Open
$223.00
Day range
$214.56 to $225.68
Volume
42.0 million shares
30-day average volume
19.4 million shares
52-week range
$70.69 to $329.88
Market cap
$191.5 billion
Regular-session close on Thursday, October 29, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since October 30, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Marvell opened at $223.00, already well below Wednesday's $251.65 close, and never climbed back toward that level. It topped out at $225.68 and finished $3.78 above the day's low, with volume running 116.91% above the stock's average.
The drop far outpaced the broader market. The Nasdaq Composite fell 1.38% to 26,184.72, the S&P 500 slipped 0.30% to 7,720.39 and the Dow Jones Industrial Average lost 0.25% to 52,342.56, leaving Marvell 11.86 percentage points behind the Nasdaq. The US 10-year Treasury yield eased 5.6 basis points to 4.99%.
Even after the slide, Marvell stays 208.87% above its 52-week low, while it now sits 33.81% below its 52-week high.
Why Marvell Stock Fell
Financial media tied the drop to a Bloomberg report that Marvell is in advanced talks to acquire Lumentum, a maker of lasers and high-speed optical components used in AI data centers. The report first moved both stocks in after-hours trading on Wednesday, October 28, per 24/7 Wall St., which said Bloomberg valued Lumentum at about $83 billion and Marvell at roughly $221 billion. Thursday was the first full session to absorb the news.
On Thursday, October 29, Investopedia reported that an announcement is possible as early as next week and that neither Marvell nor Lumentum responded to its requests for comment. According to Motley Fool, the deal is said to be an all-stock transaction, a final agreement has not yet been officially reached, and investors focused on financing and dilution risk.
No company release or filing on the talks was available at publication. Per 24/7 Wall St., neither company has confirmed the talks or filed an 8-K, and nothing has been signed.
MRVL Stock Analysis: Supporting Factors and Risks
Supporting Factors
Marvell already buys lasers from Lumentum, and Investopedia noted that a deal would give it more direct access to a major supplier, while Lumentum's CEO said earlier this month that its optical networking capacity is sold out through early 2029.
Marvell recently raised its long-term sales targets on data center demand, according to Investopedia, and Motley Fool reported that its October 6 investor day lifted the fiscal 2028 revenue outlook to $20 billion.
Nvidia made $2 billion investments in both Marvell and Lumentum earlier this year, per Investopedia.
Risks
The talks remain unconfirmed: nothing has been signed and no price, premium or cash-and-stock mix has been disclosed, per 24/7 Wall St., which added that a takeover would normally add a premium to Lumentum's value.
Marvell held about $3.92 billion in cash at quarter-end, so a deal would need stock, debt or both, according to 24/7 Wall St., keeping the financing and dilution concerns Motley Fool described in focus.
Marvell fell more than its chip peers and the Nasdaq in the same session, showing how sharply the stock reacted to deal uncertainty.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
