# Marvell and Lumentum Drop as Coinbase and Circle Also Fall

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/47070
Published: 2026-11-03T00:04:02.000Z
Updated: 2026-11-03T00:04:02.000Z
Section: Investing

> Marvell fell 12.72% after announcing plans to acquire Lumentum, which lost 18.59%; the Nasdaq 100 entered a technical adjustment.

Marvell Technology and Lumentum shares sank Monday as U.S. technology stocks sold off, while Coinbase and Circle also declined alongside the broader market.

Of the five crypto-linked stocks listed, Coinbase fell 3.98%, Circle lost 0.63%, BitMine dropped 3.17% and SharpLink fell 3.71%. Strategy rose 0.19%.

Marvell fell 12.72%, extending its three-session loss to 32%, after announcing it would acquire Lumentum. Lumentum shares dropped 18.59%. The Nasdaq 100 entered a technical adjustment, while Intel fell 8.80%.

Advanced Micro Devices dropped 7.52%, Micron Technology fell 5.78% and Nvidia declined 1.26%. Ciena lost 11.34%, and Applied Optoelectronics fell 9.49%. Seagate Technology dropped 7.88%, Western Digital fell 7.52% and SanDisk lost 6.59%.

Bitcoin (BTC) traded at $76,707, down 2.06% over 24 hours, while Ether (ETH) was at $2,249.83, down 1.16%, as of 7:01 p.m. ET Monday (00:01 UTC Tuesday).