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Marvell Technology to acquire Celestial AI for $3. 25B Marvell shares jump after strong chip outlook and a $3 25B deal to acquire Celestial AI Celestial AI’s optical tech boosts Marvell’s AI strategy, with the deal worth up to $5 5B
More News From Marvell - 24 7 Wall St. Marvell paired its record Q3 print with a major strategic swing, agreeing to acquire Celestial AI in a transaction valued at about 3 25 billion dollars upfront, plus an earnout tied to ambitious
Marvell Technology 2026 Q3 Earnings Strong Turnaround as Net Income . . . Guidance Marvell expects Celestial AI to generate $500 million annually by Q4 2028 and $1 billion by Q4 2029, with contingent earnout payments tied to revenue milestones The acquisition, valued at $3 3 billion, is set to close in Q1 2026
Marvell: AI Growth Stalls, Where is the Next Trump Card? Overall Performance: Revenue reached $1 9 billion, up 4 3% quarter-over-quarter, largely in line with the expected $1 88 billion The $80 million quarter-over-quarter revenue increase was primarily driven by data center and AI businesses