$MRVL · Jose Najarro Stocks · 2026-10-28
即便大型支出方面临更多痛苦直至明年，MRVL 仍应受益于超大规模云厂商的 AI 支出，但其盈利的持续时间可能不如市场预期，这解释了 MRVL、Lumentum 和 Micron 的震荡走势；传闻中的 Lumentum 交易看起来难以融资，说话者只表示若增长加速他可能会买入。
逐段跳播
Marll 显然要收购 Lummentum，或者这是彭博的传闻。Marll 是一家市值2200亿美元的公司。它们跌了9%。Lmentum 涨了12。它们要收购这家公司，就得疯狂稀释。
我不知道这怎么可能，但两家都在光学领域。所以这是半导体板块的一条重大头条。
Marll apparently is going to be buying Lummentum or that's the rumor from Bloomberg. So Marll is a $220 billion company. They're down 9%. Lmentum's up 12. They're going to have to dilute like crazy to buy these guys.
I don't know how that's possible, but both in the optic space. So that's a massive headline in the semis.
我觉得，人们不相信这个传闻有可能，是因为 Marll 没有现金。
Well, I mean, I think cuz people don't believe this rumor is possible because Marll doesn't have the cash.
但谁知道呢？也许我会成为 Marll 的股东，也许他们会加速增长。
but who knows? Maybe I'll become a Marll shareholder and maybe they'll accelerate the growth.
所以我认为，对那些大支出方来说，明年还会有更多痛苦，但我不认为这对 Marll 或 Lentum 或那些股票是坏事，因为那些公司正是这种支出的受益者。
So I I I think that we are in for more pain into next year for the big spenders, but I don't think that that means that that's bad for Marll or Lentum or any of those names because those are the companies that benefit from that spend.
这就是为什么我认为 Marll、Lum 和 Micron 走势这么反复震荡，因为没错，它们会受益，它们会拿到所有盈利，但这些盈利不会持续市场所设想的那么多年。
which is why I think Marll and Lum and Micron are so choppy because yeah they're going to benefit they're going to get all the earnings but those earnings are not going to last you know XYZ number of years of what the market's thinking about.
Google 不是持有 Marll 7% 的认股权证吗？Google。哦，对。等等，是的，其实现在它们两家都有，对吧？因为 Google 最近刚和 Marll 做了交易。
Doesn't Google have 7% of Marll warrants? Google. Oh, yeah. Wait, yes, they just both of them do actually now, right? Because uh Google just had the recent deal with with Marll.
你觉得这里面有关联吗——Google 会帮 Marll 完成这笔收购，而最终 Google 想要的是 Lmentum 的技术用于自己的 TPU，也许如果这事真能成，就是这么促成的？
Do you think there's a correlation there that Google would help Marll do this buyout and ultimately Google wants Lmentum's technology for their TPUs and maybe that's how this gets done if it happens?
是的，它们把行权价定在206，对吧？这就是行权价。
Yeah, they have it at 206, right? That's the strike.
这个频道对 $MRVL 的历次判断
Jose Najarro Stocks 在这只股票上共 8 条判断，这里只列相邻的几条。