Welcome to our dedicated page for Corvex news (Ticker: MOVE), a resource for investors and traders seeking the latest updates and insights on Corvex stock.
Corvex, Inc. reports developments in AI cloud computing and GPU-accelerated infrastructure for artificial intelligence workloads. Company news has centered on secure compute clusters, high-throughput storage, managed Kubernetes architecture, confidential computing for data in use, and Secure Model Weights for protected AI inference on third-party GPU infrastructure.
Updates also cover customer deployments, long-term GPU infrastructure arrangements, earnings calls, operating and financial results, and capital-structure actions. Corvex became the public company operating under MOVE after the completed combination with Corvex Legacy Holdings and the name change from Movano Inc. in March 2026.
Corvex (Nasdaq: MOVE) announced a multi-year agreement to provide clusters of NVIDIA Blackwell GPUs, connected with NVIDIA Quantum-2 InfiniBand networking, to a leading AI company. The deal expands an earlier customer commitment and also includes dedicated high-speed storage and CPUs.
Operating inside an existing air-cooled facility, Corvex installed and commissioned high-density, liquid-cooled NVIDIA HGX B200 capacity in about two weeks after equipment arrival, avoiding a facility rebuild or relocation. According to Corvex, expansion is funded through debt financing, customer pre-payment, and cash on hand, without issuing additional equity. Revenue is being recognized over 2026 as portions of the cluster are delivered, with full run-rate revenue starting midway through the current quarter.
Corvex (Nasdaq: MOVE) appointed AI infrastructure veteran Michael Craig as Vice President of Architecture and Site Operations, effective July 15, 2026. He will lead cluster architecture and site operations for Corvex's AI Factory business, coordinating technical, physical and supply-chain requirements for high-density GPU infrastructure.
Craig brings over 25 years of experience from Crusoe, Supermicro, Compaq, Hewlett-Packard and Hewlett Packard Enterprise, including building global site operations, leading GPU procurement strategies and delivering TOP500-ranked supercomputers. Corvex said his appointment supports scaling its secure, high-performance AI compute platform amid growing demand.
Corvex (Nasdaq: MOVE) reported 2026 annual meeting results, with stockholders approving all proposals. Actions included disposing of legacy Movano healthcare assets to a lender in satisfaction of secured debt, electing three new directors, and appointing Seth Demsey as co-CEO alongside Jay Crystal.
Shareholders also approved lifting the conversion cap on Series C and Series D preferred stock. Following automatic Series C conversion, Corvex expects about 27.6 million common shares outstanding and Series D preferred convertible into 28.9 million shares. The company added Chance Moreland as CFO, with 523,211 RSUs vesting over four years.
Corvex (Nasdaq:MOVE), an AI computing platform focused on GPU-accelerated infrastructure, plans to add Patrick A. Fleury to its Board of Directors, subject to election at the upcoming annual meeting.
Fleury, CFO of TeraWulf, brings over $8 billion in financing experience as Corvex scales its AI cloud infrastructure and prepares to launch its token factory.
Corvex (Nasdaq: MOVE) appointed Christopher Chance Moreland as Chief Financial Officer, effective June 29, 2026, to support its next growth phase in GPU-accelerated AI infrastructure.
Moreland, a Morgan Stanley leveraged finance managing director for over 12 years, brings extensive experience structuring complex corporate and project-level financings in capital-intensive sectors.
Corvex (Nasdaq: MOVE) will add longtime IBM technology leader Nicholas M. Donofrio to its Board of Directors, subject to election at the upcoming annual meeting.
His semiconductor, high-performance computing, and governance background is intended to support Corvex as it scales its secure AI infrastructure and prepares to launch its Token Factory inference platform.
Corvex (Nasdaq:MOVE) reported Q1 2026 results and completed its acquisition of Corvex OpCo, shifting its primary business to AI cloud computing. Including 12 days of OpCo operations, revenue increased to $510 thousand from $206 thousand in Q1 2025.
Deferred revenue reached $4.4 million, cash and equivalents were $29.3 million, and net loss narrowed to $5.1 million, or $3.13 per share. Pro forma Q1 2026 revenue was $3.7 million, with pro forma net loss of $15.9 million and adjusted EBITDA loss of $0.9 million.
Corvex (Nasdaq: MOVE) will host its first quarter 2026 earnings conference call on Tuesday, May 19, 2026 at 4:30 p.m. ET / 1:30 p.m. PT. Management will review Q1 2026 results and provide a business update via live audio webcast.
The live and replay webcasts will be available on the Corvex investor relations website at investors.corvex.ai.
Corvex (Nasdaq:MOVE) announced additional details for a special 35.8% stock dividend for holders of record at the close of business on March 30, 2026. The distribution date is April 6, 2026. No action or payment is required by eligible stockholders.
Shares will be credited automatically to brokerage accounts or delivered through DTC. No fractional shares will be issued; any fractional entitlements will be paid in cash. The Stock Dividend is payable under the Amended and Restated Agreement and Plan of Merger dated March 19, 2026.
Corvex (NASDAQ: MOVE) completed an all‑stock merger with Movano and will trade as Corvex, Inc. effective March 23, 2026. The combined company named Jay Crystal and Seth Demsey as Co‑CEOs and Co‑Founders, subject to stockholder approval at a May 2026 meeting.
Corvex and Movano raised $40.2 million before the merger. The company declared a stock dividend of 0.358 share per share, record date March 30, 2026 and distribution April 6, 2026.