Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Marvell Technology has announced a major strategic leap with the acquisition of Celestial AI in a $3.25 billion cash-and-stock deal, signaling its most aggressive push yet into next-generation photonic interconnects.</li><li>The deal, unveiled alongside its record-setting Q3 FY2026 earnings, arrives amid a sharp inflection point in AI infrastructure and hyperscale data center buildouts.</li><li>Celestial AI’s core technology—a disruptive Photonic Fabric platform designed for ultra-high bandwidth and low-latency optical connectivity—is expected to slot directly into Marvell’s Data Center Group portfolio, fueling growth well beyond traditional copper-based architectures.</li></ul>

Marvell Technology has announced a major strategic leap with the acquisition of Celestial AI in a $3.25 billion cash-and-stock deal, signaling its most aggressive push yet into next-generation photonic interconnects.The deal, unveiled alongside its record-setting Q3 FY2026 earnings, arrives amid a sharp inflection point in AI infrastructure and hyperscale data center buildouts.Celestial AI’s core technology—a disruptive Photonic Fabric platform designed for ultra-high bandwidth and low-latency optical connectivity—is expected to slot directly into Marvell’s Data Center Group portfolio, fueling growth well beyond traditional copper-based architectures.

Marvell Technology Acquires Celestial AI—A $3.25B Gamble on the Future!