WS #16686
The AI infrastructure build-out continues to drive significant capital allocation, evidenced by Marvell's agreement to acquire Lumentum in a massive $115B all-stock deal. Concurrently, Google raised €6 billion via Euro-denominated bonds, likely earmarked for data center and AI capex. These moves confirm that major technology firms are maintaining aggressive investment cycles in hardware and connectivity despite broader macro volatility.
AI Infrastructure M&A and Capex
The AI infrastructure build-out continues to drive significant capital allocation, evidenced by Marvell's agreement to acquire Lumentum in a massive $115B all-stock deal. Concurrently, Google raised €6 billion via Euro-denominated bonds, likely earmarked for data center and AI capex. These moves confirm that major technology firms are maintaining aggressive investment cycles in hardware and connectivity despite broader macro volatility.