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● Fourth-quarterRevenueguidance of $1.315 billion to $1.385 billion topped the $1.22 billion consensus.
● Reports said Marvell is in advanced talks to acquire Lumentum.
● The shares had been roughly flat on Thursday after solid results.
● The company also plans to raise $25 billion in bonds.
● The comment cut two ways for memory stocks.
● Fortinet and Caterpillar also dropped sharply on Thursday.
● There was no company-specific news behind the drop.
● Selling targeted AI infrastructure and semiconductorSupplychain names.
● It makesData Centerconnectivity chips.
● The company had no news of its own and moved with its sector.
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