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● The Russell 2000 rose 28.71 points to close at 2,859.22.
● Marvell shares tumbled on Thursday, October 29, closing at $218.34.
● Lumentum was valued at roughly $83 billion, making any deal a major undertaking.
● Capital spending of $45.2 billion came in below the roughly $50 billion analysts expected.
● Fourth-quarterRevenueguidance midpoint of $1.945 billion sat below the $2.017 billion consensus.
● Capex was $45.2 billion and freeCash Flowfell to $18.6 billion from $25.7 billion.
● Fourth-quarter revenue guidance of $1.00 billion to $1.03 billion missed the $1.05 billion consensus.
● The PHLX Semiconductorindexfell, ending a four-day winning streak.
● Fiscal fourth-quarterRevenuehit $54.23 billion, up about 379% from a year earlier.
● Revenue of $4.11 billion beat, but cRPO growth guidance fell below expectations.
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