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Marvell Technology and ServiceNow both dropped significantly on Oct. 29—Marvell due to its $115 billion acquisition of Lumentum, and ServiceNow due to lower-than-expected contract revenue guidance. Despite the sell-offs, both stocks trade at valuations below their long-term 2030-2031 targets, making them potentially attractive for buy-and-hold investors focused on AI infrastructure and enterprise software.
Lumentum Holdings (NASDAQ:LITE) has outperformed the market over the past 5 years by 35.83% on an annualized basis producing an average annual return of 45.77%. Currently, Lumentum Holdings has a market capitalization
Jensen Huang’s exit sparks a 38% NVIDIA plunge. Discover how key-person risk, fiber optics, and stalled data centers threaten AI copper boom.
The article compares AMD and Marvell Technology as AI semiconductor investments through 2027. While AMD shows strong growth with major partnerships (Meta, OpenAI) and $34.6B revenue, Marvell is recommended as the better value due to lower valuation multiples, higher profit margins (32.6% vs 12.5%), and aggressive growth guidance ($20B revenue by FY2028, $70-90B by FY2031). Marvell's acquisition of Lumentum strengthens its optical components capabilities for AI infrastructure.
AXT Inc. (AXTI) reported record Q3 2026 revenues of $73.4 million, up 162% year-over-year, driven by strong demand for indium phosphide (InP) substrates used in AI data center optical connectivity. The company's backlog exceeded $500 million with customers on allocation, and it surpassed its 2026 capacity doubling goal. However, the stock's valuation appears stretched at 15.14X P/S ratio compared to industry average of 8.51X.
Coherent Corp. (COHR) shares gained 10% following fiscal Q1 2027 earnings that beat expectations with adjusted EPS of $2.09 and record revenues of $2.37 billion. Datacenter revenues surged 85% year-over-year, driving 82% of total revenues, while gross margins expanded and operating efficiency improved. The company projects fiscal 2027 pro forma revenue growth exceeding 60% and expects quarterly revenues to reach $3 billion by end of fiscal 2027 and $4 billion in fiscal 2028, supported by strong AI infrastructure demand and a $20 billion five-year customer agreement.
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