Marvell and Lumentum Fell Hard. Their Supplier's Stock Is Soaring

Marvell agreed to acquire Lumentum in an all-stock deal, causing both stocks to fall sharply amid deal uncertainty. Fabrinet, a key contract manufacturer supplier for both companies, reported a record quarter driven by strong data center optical hardware demand, though its stock remains below previous highs with thin margins.

This Wire brief sits within Fusion42's coverage of Semiconductors.