Semiconductor company Marvell Technology is in advanced negotiations to acquire data center optical communications equipment maker Lumentum, with a potential deal announcement as early as next week, according to Bloomberg. The two companies have not yet reached a final agreement, and details and timing remain subject to change. Lumentum shares surged approximately 17% in after-hours trading following the report, while Marvell stock dropped about 8%. Lumentum's current market capitalization stands at roughly $83 billion compared to Marvell's $221 billion. Earlier this year, Nvidia invested $2 billion in Lumentum.