Lumentum Stock Jumps on Marvell Buyout Report

Chipmaker Marvell Technology is reportedly in late-stage talks to buy optical parts maker Lumentum Holdings, with the aim of creating a bigger and broader AI hardware powerhouse. Lumentum shares jumped in extended trading while Marvell fell. A deal could be reached as early as next week, Bloomberg reported, citing sources. Lumentum is expected to report its first quarter financial results on November 5. Marvell,…