Shares of Marvell were down big on Monday after it announced it would be acquiring Lumentum.
Marvell Technology said megadeal for Lumentum will help the merged company serve the growing market for AI data centers.
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Marvell Technology agreed to acquire optical leader Lumentum. The market hates it.
Marvell Technology is likely to pull back considerably after its acquisition of Lumentum Holdings, according to Bank of America.