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) reported second quarter 2026 revenue of $3.8 million, its first full period including the AI cloud computing business after the March 19, 2026 merger. For the first half of 2026, revenue was $4.3 million. Net loss attributable to common stockholders was $(12.8) million in Q2, or $(5.12) per share, and $(17.9) million for the six months. Adjusted EBITDA was $(3.2) million in Q2. Deferred revenue rose to $3.7 million at June 30, 2026, reflecting contracted AI compute not yet recognized.
Corvex reported contracted annualized revenue on live compute of approximately $22 million as of August 14, 2026. Cash and cash equivalents were $21.7 million at quarter end. The company extinguished its related-party Bridge Loan by transferring legacy healthcare assets, recognizing a $2.5 million non‑cash gain, and simplified its capital structure through preferred stock conversions in early July.
Corvex (Nasdaq: MOVE) announced it will host its second quarter 2026 earnings conference call and live audio webcast on Friday, August 14, 2026 at 4:30 p.m. ET / 1:30 p.m. PT. Management will deliver prepared remarks, provide a business update, and offer a replay via the Corvex Investor Relations website.
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.