TLDR
- Movano (MOVE) shares soared 160.55% in pre-market trading Friday after Corvex GPU lease news
- Corvex locked in long-term deal to lease Nvidia H200 GPUs to AI battery technology firm
- Movano is merging with Corvex in all-stock deal announced November 2025
- Pre-market volume hit 14 million shares versus typical 27,000 daily average
- Stock had fallen 85.76% over past year before Friday’s rally
Movano shares exploded higher Friday morning after Corvex dropped news of a major GPU contract. The stock climbed 160.55% before markets opened.
The catalyst? Corvex signed a long-term lease agreement with an AI-driven battery technology company. The deal involves deploying Nvidia H200 GPUs for AI research and development.
Why does this matter for Movano? The company is set to merge with Corvex in an all-stock transaction. That merger was announced back in November 2025.
Right now, MOVE shares are the only way to get exposure to Corvex. The AI cloud computing company specializes in GPU-accelerated infrastructure for AI workloads.
The battery tech customer picked Corvex over other AI infrastructure providers. They cited superior value and hyperscaler-class operations as key factors.
Corvex’s solution features GPU clusters that maximize compute density. The setup maintains flexibility for peak demand periods while delivering strong performance.
Security and Compliance Features Drive Deal
The deal includes a secure, managed on-premise solution. Hardware-enforced encryption helps the customer meet strict data sovereignty requirements.
Jay Crystal, Corvex Co-CEO, said the deployment shows how AI innovators scale production without sacrificing economics or operational speed. His co-CEO Seth Demsey pointed to growing demand for secure, cost-effective GPU infrastructure.
The GPUs will power the battery company’s AI development initiatives. The technology supports both research and production workloads.
Trading Volume Explodes on News
Market reaction was swift and powerful. Pre-market trading volume topped 14 million shares.
That’s roughly 500 times the normal activity. Movano typically trades around 27,000 shares daily over a three-month average.
The surge comes after a brutal stretch for the stock. Shares dropped 2.24% Thursday before the news hit.
MOVE is down 16.13% year-to-date. Over the past 12 months, the stock has fallen 85.76%.
Corvex Brings AI Infrastructure Expertise
Corvex operates in the AI cloud computing space. The company provides GPU infrastructure for companies building and running AI models.
The battery technology provider needed infrastructure that could handle demanding AI workloads. Corvex’s platform delivers both performance and security.
The merger will take Corvex public through the Movano deal. The all-stock structure means current Movano shareholders will own part of the combined entity.
Friday’s pre-market action suggests investors see value in Corvex’s business model. The GPU lease deal validates the company’s approach to AI infrastructure.
The customer selected Corvex after evaluating multiple providers. That competitive win demonstrates market traction for Corvex’s offerings.
Nvidia’s H200 GPUs represent cutting-edge AI computing hardware. The chips power demanding machine learning and AI development tasks.
Corvex is providing the infrastructure, management, and security layer on top of the hardware. That full-stack approach appears to resonate with customers who need turnkey solutions.
Pre-market trading Friday showed Movano at sharply higher levels following the Corvex announcement about its GPU lease agreement.
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