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Corvex Inc

MOVE

Market cap $470M

14.89 USD

+0.15

1.02%

At close Updated Sep 8, 4:00 PM EDT

Pre-market

After hours

14.67

-0.22

1.48%

1 day

1.02%

5 days

47.57%

1 month

26.83%

3 months

-13.68%

6 months

50.86%

Year to date

130.14%

1 year

136.72%

5 years

-96.37%

10 years

-97.96%

About: Corvex Inc is an AI cloud computing company that provides computing infrastructure for artificial intelligence workloads, including GPU-accelerated computing, confidential computing, and inference services. Its offerings are used by government and enterprise customers, including those with regulated workloads, to support the deployment and operation of AI models and data processing systems. The company generates revenue from the sale of Wellness Rings, portable chargers and charging cables, ring sizers, and mobile applications.

Employees: 32

Technology Software - Infrastructure

News

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Neutral

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Sentiment 3-Months

Positive 8.3%

Neutral 83.3%

Negative 8.3%

Schaeffers Research

3 Trending Stocks Suffering Steep Midday Slides

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3 Trending Stocks Suffering Steep Midday Slides

Corvex Stock Rockets 43% After Announcing 5x Data Center Capacity Expansion

Corvex Inc. (NASDAQ:MOVE) shares are trading higher after the company announced a data center expansion at its existing Mid-Atlantic data center and the establishment of operations at a second existing enterprise-scale data center in the Midwest.

Corvex Stock Rockets 43% After Announcing 5x Data Center Capacity Expansion

Corvex Announces Significant Data Center Expansion; Increasing Current Capacity 5x with Contracted Path to 13x

Critical IT capacity expected to increase more than five times from approximately 1.5 MW to approximately 8 MW by year-end 2026 Right of first refusal on an additional 12.5 MW expansion opportunity at the Midwest site provides potential pathway to more than 20 MW of total critical IT capacity, resulting in 13x increase to existing capacity Expansion expected to support approximately 3,000 additional latest-generation GPUs across two U.S. data centers $33 million private placement secured to fund expansion plans; expected to increase pro forma cash and cash equivalents to approximately $55 million compared to $22 million reported as of June 30, 2026 ARLINGTON, Va., Aug. 31, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in secure, GPU-accelerated infrastructure for AI workloads, today announced a more than fivefold increase in its critical IT power capacity, with the ability to scale to 13 times its current critical IT power capacity.

Corvex Announces Significant Data Center Expansion; Increasing Current Capacity 5x with Contracted Path to 13x

Corvex Appoints Garrett Brams to Lead Data Center Infrastructure Development

Cushman & Wakefield managing director joins Corvex — will source the sites and power behind the company's expanding AI Factory platform ARLINGTON, Va., Aug. 28, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today announced that Garrett Brams has joined the company to lead its data center sourcing and development strategy.

Corvex Appoints Garrett Brams to Lead Data Center Infrastructure Development

Movano Q2 Earnings Call Highlights

Corvex reported $3.8 million in second-quarter 2026 revenue, its first full reporting period including the AI cloud computing business acquired through its March merger with Corvex Legacy Holdings. Company leaders said the quarter's reported revenue reflected the amount of computing capacity that was live and generating revenue during the period, rather than the full level of signed customer commitments.

Movano Q2 Earnings Call Highlights

Corvex Reports Second Quarter 2026 Results and Provides Business Update

Contracted annualized recurring revenue on live compute is approximately $22 million as of August 14, 2026 ARLINGTON, Va., Aug. 14, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today reported financial results for the second quarter ended June 30, 2026.

Corvex Reports Second Quarter 2026 Results and Provides Business Update

Corvex to Host Second Quarter 2026 Earnings Call on Friday, August 14, 2026

ARLINGTON, Va., Aug. 12, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today announced that it will hold its second quarter 2026 earnings call on Friday, August 14, 2026 at 4:30 p.m.

Corvex to Host Second Quarter 2026 Earnings Call on Friday, August 14, 2026

Corvex Signs Multi-Year Agreement to Provide NVIDIA Blackwell GPUs

Expansion Funded Without Issuing Additional Equity High-Density, Liquid-Cooled Capacity Commissioned in Approximately Two Weeks Inside an Existing Air-Cooled Facility ARLINGTON, Va., Aug. 4, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today announced that it has signed a multi-year agreement to provide clusters of NVIDIA Blackwell GPUs connected with NVIDIA Quantum-2 InfiniBand networking to a leading AI company.

Corvex Signs Multi-Year Agreement to Provide NVIDIA Blackwell GPUs

Corvex Appoints AI Infrastructure Veteran Michael Craig as Vice President of Architecture and Site Operations

Former Crusoe leader brings 25 years of experience across HPC architecture, GPU infrastructure, and site operations ARLINGTON, Va., July 15, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today announced the appointment of Michael Craig as Vice President of Architecture and Site Operations.

Corvex Appoints AI Infrastructure Veteran Michael Craig as Vice President of Architecture and Site Operations

Corvex Stockholders Approve Key Governance and Capital Structure Proposals at 2026 Annual Meeting

Company Disposes of Legacy Movano Assets; Shareholders Elect Three New Directors; Approve Conversion of Series C and Series D Preferred Stock; Chance Moreland Joins as CFO ARLINGTON, Va., July 1, 2026 /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today announced the results of its 2026 Annual Meeting of Stockholders, held virtually.

Corvex Stockholders Approve Key Governance and Capital Structure Proposals at 2026 Annual Meeting

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