9AM HOUR: After the Sell-off: Marvell and Lumentum CEOs on Massive Deal, Anthropic's Amended IPO Filing, Kimberly-Clark CEO 11/2/26
Squawk on the Street
- Published
- November 2, 2026
- Duration
- 48:16
- Summary source
- description
- Last updated
- Nov 2, 2026
Discusses anthropic, investing.
Summary
Carl Quintanilla, Jim Cramer and David Faber kicked off a new month with the AI trade — and especially Intel — looking to rebound from Friday's big sell-off. Big M&A news in the mix: Marvell Technology agreed to acquire Lumentum in one of the biggest tech deals of all time. The CEOs of both companies joined the program to discuss why they believe the all-…
Markets kick off November seeking stability after a brutal October, as Marvell's massive Lumentum acquisition, Anthropic's amended S-1, Intel's historic decline, and falling oil prices dominate the conversation.
Key takeaways
- Marvell's $115B all-stock acquisition of Lumentum aims to create a category leader in AI data center optical connectivity, betting on the convergence of semiconductor and photonics technology for GPU-scale-up networking.
- Capital discipline is now the key market differentiator: Microsoft was rewarded for spending within its means while Amazon, Alphabet, and Oracle faced pressure for negative free cash flow and large equity issuances.
- Anthropic's amended S1 revealed Q3 revenue of ~$17B (up ~1,127% YoY) and ~$900B in future compute/infrastructure commitments, but the critical October revenue figure remains undisclosed ahead of its IPO.
Why this matters
The Marvell-Lumentum deal signals that AI infrastructure investment is shifting from pure compute to integrated optical connectivity solutions, creating new M&A and competitive dynamics that B2B technology buyers and investors must track closely.
Entities
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9AM HOUR: After the Sell-off: Marvell and Lumentum CEOs on Massive Deal, Anthropic's Amended IPO Filing, Kimberly-Clark CEO 11/2/26
Squawk on the Street
November 2, 2026
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Show notes
Carl Quintanilla, Jim Cramer and David Faber kicked off a new month with the AI trade — and especially Intel — looking to rebound from Friday's big sell-off. Big M&A news in the mix: Marvell Technology agreed to acquire Lumentum in one of the biggest tech deals of all time. The CEOs of both companies joined the program to discuss why they believe the all-stock deal will create a "leader in AI connectivity." Staying on the AI front: The anchors delved into breaking news involving Anthropic's amen
Themes
- anthropic
- investing