Business

Marvell Plans $115 Billion Lumentum Deal as Both Stocks Fall

Marvell announced an all-stock acquisition of Lumentum valued at $115 billion, aimed at optical connectivity for AI data centres. Marvell fell about 13% and Lumentum nearly 19% as investors weighed dilution, valuation and financing risk. Market reports say closing is expected in the first half of 2028. The all-stock structure raises dilution concerns, and completion is not expected before 2028, leaving regulators time to review it carefully.

Original report: finance.yahoo.com

Palantir Raises 2026 Outlook as Quarterly Revenue Nearly Doubles

Palantir posted third-quarter revenue of $2.31 billion, up 96%, and raised its 2026 outlook above $8.5 billion. U.S. commercial revenue overtook government revenue for the first time at $984 million. Even so, shares slipped in extended trading as investors focused on slowing contract value growth. Even so, investors reacted cautiously because contract growth in the United States slowed sharply, which tempered enthusiasm about the otherwise impressive quarter.

Original report: finance.yahoo.com

Anthropic's Amended IPO Filing Shows Revenue Surge and Huge Loss

Anthropic's amended IPO filing shows $33.24 billion in nine-month revenue and a $104 billion net loss driven largely by valuation adjustments. Growth slowed to 47% quarter on quarter, and purchase and lease commitments total about $895.4 billion, mostly compute. The disclosure gives investors a rare view of AI economics. The disclosure gives investors a detailed look at how expensive building frontier artificial intelligence has become.

Original report: en.fnnews.com

Oracle Shares Sink 7% After $20 Billion AI Funding Raise

Oracle filed to sell $10 billion of stock and $10 billion of notes to pay for its AI expansion, and shares dropped about 7%. The raise exhausts its $20 billion capital cap through fiscal 2030, while total debt has climbed to $169.1 billion and free cash flow is deeply negative, raising investor questions about funding discipline. The raise shows how costly the AI race has become.

Original report: finance.yahoo.com