Marvell Technology (NASDAQ:MRVL), a data infrastructure semiconductors provider, closed at $218.34 on Oct. 29, down a whopping 13.24%. The stock fell after reports surfaced that the company was in advanced talks to buy Lumentum Holdings, as investors weigh financing and integration risks. Trading volume reached 40.4 million shares, coming in about 87% above its three-month average of 21.6 million shares. Marvell Technology IPO'd in 2000 and has grown 1,442% since going public. The S&P 500 (SNPINDEX:^GSPC) closed at 7,720, down 0.31%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,185, down 1.38%. Among semiconductor peers, Broadcom closed at $345.00, down 1.94%, and Nvidia closed at $213.66, down 0.80%, as chipmakers traded lower in a soft session for data infrastructure names.
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