Marvell Technology (acquirer of Celestial AI)

Money Moves

Acquirer

Marvell Technology agreed on November 2 to buy Lumentum for about $115 billion in stock, offering 4.5 Marvell shares for each Lumentum share. The value of that fixed exchange ratio has since fallen with Marvell's stock: at the November 6 close it was worth about $635 per Lumentum share, down from $1,132 at signing.

Updated 3 days ago

New Capabilities

Announced $115B all-stock acquisition of Lumentum on Nov 2, 2026

When engineers double a copper cable's data rate, electrical noise doubles and usable length halves—strangling the AI industry. As graphics processing units (GPUs) push toward 224 gigabits per second per lane, passive copper cables inside data centers reach less than one meter before the signal degrades.

Updated Nov 2

Money Moves

As of July 2026: Integrating custom chips and networking into Nvidia's NVLink Fusion platform

Since May 2025, Nvidia has committed more than $40 billion to companies building AI infrastructure, a total dominated by a $30 billion stake in OpenAI confirmed in February 2026. May brought two more deals: $3.2 billion for glass and fiber maker Corning, and $2.1 billion for data center operator IREN.

Updated Jul 2