US Stock of the Day | Kabutaro & Friends

On November 2, 2026, the most talked-about US stock online is Marvell Technology<MRVL>.
Background: On the 2nd, chipmaker Marvell announced it will acquire optical communications component maker Lumentum Holdings in an all-stock deal. The transaction is valued at about $115 billion including debt, with Lumentum shareholders receiving 4.5 Marvell shares for each Lumentum share. That is worth about $1,132 per share, a premium of about 23.9% to Lumentum's October 28 close, before reports of the talks emerged. Marvell shareholders will own about 67% of the combined company. The deal aims to strengthen its optical connectivity business for AI data centers, is expected to deliver more than $1 billion in annual run-rate cost savings, and is slated to close in the first half of 2028. Lumentum also released its first-quarter results early on the same day, with adjusted EPS of $4.57 beating the consensus of $4.21. In premarket trading, Marvell shares rose 3.4%, while Lumentum shares rose 2.5% before trading was halted.