Breakfast News: Marvell Bets on Photonics
December 2, 2025
| Monday's Markets |
|---|
| S&P 500 6,813 (-0.53%) |
| Nasdaq 23,276 (-0.38%) |
| Dow 47,289 (-0.90%) |
| Bitcoin $86,340 (-5.13%) |
1. Marvell Eyes $5 Billion Celestial AI Buy
The Information reports Marvell Technology (MRVL +1.97%) is in advanced talks to buy Celestial AI in a total deal price worth over $5 billion, which would strengthen Marvell's ability to compete with larger chip and computing companies.
- Celestial AI's photonic technology significantly speeds up data movement: When handling large and complex AI models, Celestial AI's technology is very appealing. Purchasing the company would allow Marvell to integrate this into its existing product range and not have to rely on third-party alternatives.
- Total revenue increased for the past six straight quarters: Marvell is set to report earnings after the market closes, after an impressive beat last quarter. Results are due to be in line with expectations, reflecting stable data-center trends, with more funds to be allocated to AI investments.
2. MongoDB Soars Over 20% on Raised Outlook
Rule Breakers recommendation MongoDB (MDB 0.97%) rocketed almost 22% higher following the closing bell, thanks to strong quarterly results and a raised outlook, with new CEO CJ Desai hailing the period as "exceptional."
- "The expansion opportunity in front of us is immense": Desai flagged both existing customers growing and utilizing products more and net-new client additions showing strength as reasons for lifting full-year revenue and earnings targets.
- "Desai is a ruthless operator": Last month, Fool analyst Tim Beyers said if the profitability push from the new CEO works out, "MongoDB investors can look forward to many years of profitable growth rewarded by market-beating returns."
3. XOM Interested in Key Iraqi Oilfield Stake
Reuters reports ExxonMobil (XOM +0.61%) has contacted the Iraqi oil ministry with interest in buying Lukoil's majority stake in West Qurna 2, a large oilfield located in the country. The stock was little changed in pre-market trading.
- Tightening of sanctions means Russian producers are withdrawing from external energy interests: Lukoil, Russia's second-largest oil producer, is struggling under the weight of increased sanctions, opening the door for U.S. companies to snap up an important strategic site in the Middle East.
- Site capable of producing at least 635,000 bpd on a sustained basis: ExxonMobil is seen as the front runner to take on the project given the involvement in the neighboring West Qurna 1 field, although competition from rival BP (BP +1.04%) exists.
4. GTLB & PSTG Lead SaaS Earnings Later
GitLab (GTLB +0.22%) earnings are due out once trading has finished for the day, with a focus on continued large customer acquisitions driven by new AI enhancements, which was evident in the previous report.
- Beating the S&P 500 by 25% since December 2024 Stock Advisor rec: Pure Storage (PSTG 0.45%) will report after the market closes, with investors expecting the robust performance from last quarter to be continued thanks to further development of all-flash solutions into cloud and hybrid environments.
- Three cloud-native SaaS companies to watch: Post-market sees a further flurry of reporting, with CrowdStrike (CRWD 1.03%) and Okta (OKTA +0.39%) previewed in Breakfast News yesterday. Asana (ASAN 0.85%) is aiming to continue the track record of having beaten revenue estimates each time for the past two years.
5. Buy, Sell, or Hold?
Marvell, Broadcom (AVGO 4.19%), and Qualcomm (QCOM 0.03%): If your portfolio comprised just these three companies, and you bought each of them at the start of the year with the same amount of money, and had to buy more shares in one, completely close your position in another, and hold the final stock, what are you choosing to do and why? Debate with friends and family, or become a member to hear what your fellow Fools are saying.