$Marvell Technology(MRVL)$ The deal consideration is 410M MRVL shares, or 91M LITE shares at 4.5 MRVL each. At $160 per MRVL share, that works out to about $65.6B in current value. At the time of the announcement, the projected value was around $115B based on MRVL near $280, which was roughly where it traded when talks started. If Murphy found a way to fast-track the closing, does this deal effectively come at a 45% discount to the pre-announcement value? That would be $65.5B versus $115B. If my math checks out and they manage to compress the closing timeline, has this selloff basically handed MRVL a gift? Curious if anyone else sees it that way.
$Marvell Technology(MRVL)$ Jensen Huang called this company the next trillion dollar company, which is interesting. Marvel makes chips, and after the LITE acquisition they should become a vertically integrated AI data center play. Revenue from optical transceivers looks set to keep scaling alongside chip production during the chip shortage. Marvel reminds me a lot of Broadcom. Broadcom owns the full AI stack, making chips and software, while Marvel is positioning to own the optical transceivers side as well as chip production. Thinking about where the stock could be in 10 to 20 years, that would put the market cap around $2B to $5B. I'm comfortable just sitting back and letting it play out.
$Marvell Technology(MRVL)$ More panic selling in tech. Never seen such ridiculousness. Holdouts are going to end up selling, and this is going to capitulate and be finished. I think it's selling for nothing. How many Democrats have 401(k)'s and IRAs and tech stocks outright? They are also going to be feeling the pain. Because of all the selling going on, there's a lot of people taking losses right now only to watch it turn around and go back up soon.
$Marvell Technology(MRVL)$ I would suggest listening to the interview with both CEOs together, and listen closely. This feels like a once-in-a-generational move. The upside is big. Just my opinion.
$Marvell Technology(MRVL)$ Red tape and slowdowns won't really change anything. Data centers are going to get built. Why? Politicians love money more than anything, and these companies will throw millions their way. I'm staying relaxed, buying when I can, and giving this time to play out.
$Marvell Technology(MRVL)$ The AI buildout might slow a little, but nothing is really stopping this train. This is the biggest buildout of the revolution since the electrical buildout in the late 1800s.
$Marvell Technology(MRVL)$ Double bottom support sits in the 160 to 165 range. A slight undercut to 155 isn't really a break of support. I bought at 155.34 and 161.1, averaging 157.2. Honestly, I'm thrilled with that average price.
$Marvell Technology(MRVL)$ NVDA, MRVL, MU, and INTC all pulled back to key support on broad tech multiple compression. This is the kind of entry everyone was looking for three weeks ago. Order books are full, hyperscalers are spending record capex, and the long-term AI hardware runway is intact. I'm holding and letting the fundamentals do the work.