Chips and hardwareUpdated November 4

The Information sees room for a rival bid or more cash from Marvell.

Wednesday’s election-driven sell-off swept Lumentum up with stocks that have benefited most from the AI data-center boom, The Information reports. The same report explains why Lumentum matters to the proposed deal: its optical technology, including lasers, moves data within and between data centers faster than traditional copper, while AI computing is increasing the need for faster transmission. Against that backdrop, The Information says investors should keep two possibilities in mind: another bidder could emerge, or Marvell could return with a proposal sweetened with more cash.

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Coverage started November 4