Movano Stock Soars After Corvex Ties Up Nvidia H200 GPU Lease Ahead of AI Infrastructure Merger

Movano Health (NASDAQ: MOVE) shares exploded higher after its merger partner Corvex announced a long-term agreement centered on Nvidia’s H200 GPU platform, fueling speculation that the combined company is trying to position itself as a real AI infrastructure player, not just another “AI” ticker with vibes and a press release.

Corvex, an AI cloud computing company that plans to merge with Movano in an all-stock transaction, said it has secured a long-term GPU lease tied to a major deployment for an enterprise customer. The customer was described as an AI-driven high-performance battery technology company that plans to use the GPU cluster to accelerate research and development, including proprietary algorithm work.The market reaction was immediate: MOVE stock surged as traders latched onto the idea that Corvex is already landing real-world infrastructure demand, and doing it with top-tier hardware.

According to Corvex, the agreement involves a dedicated cluster of Nvidia H200 GPUs designed to support intensive AI workloads, including model development and production-level compute needs.Corvex said the battery technology customer selected its platform based on a mix of pricing, operational performance, and its ability to support confidential AI workloads, positioning itself as an alternative to traditional cloud providers for companies that need power without sacrificing control.

The company also emphasized that its GPU architecture is built for high compute density while keeping the flexibility to expand capacity during peak demand cycles, a key selling point as AI compute becomes more expensive and harder to secure at scale. Beyond cloud infrastructure, Corvex said it is helping the customer extend workloads into more sensitive environments using a managed on-premise solution, targeting organizations that can’t just throw critical data into a generic cloud environment and hope compliance doesn’t notice. Corvex highlighted security features such as hardware-enforced encryption, remote attestation, and payload-free telemetry, which it said support data sovereignty requirements and intellectual-property protection.

The company also said it is providing a fully managed Kubernetes-based platform designed to improve GPU scheduling, reduce idle time, and increase utilization, essentially trying to squeeze more output from expensive infrastructure. “This deployment reflects how leading AI innovators are scaling production AI without compromising economics, market access, or operational velocity,” Corvex co-CEO Jay Crystal said in a statement.The infrastructure announcement arrives as Movano and Corvex work toward closing their previously announced merger, which would take Corvex public through an all-stock combination.

Under the structure outlined in earlier merger disclosures, Movano shareholders would gain exposure to Corvex’s AI infrastructure business, while Movano Health would continue efforts tied to its medical device assets, including the FDA-cleared EvieMED Ring and its proprietary mmWave RF technology platform.

For traders, the story is simple: the market isn’t paying for wearable tech right now , it’s paying for GPU access, AI compute demand, and anything that smells like infrastructure scale. And on this headline, Movano suddenly looked like it had a lot more of that narrative than it did yesterday.

About Movano Health

Movano Health, Inc. (NASDAQ: MOVE) is a healthcare technology company focused on developing medical devices and health monitoring solutions. The company’s products include the FDA-cleared EvieMED Ring and proprietary sensing technologies designed to support clinical and consumer health applications.

About Corvex

Corvex is an AI cloud computing and infrastructure platform focused on high-performance GPU workloads, secure compute environments, and enterprise-grade AI deployment. The company is pursuing a merger with Movano Health in an all-stock transaction intended to bring Corvex public.

At the time of publishing, Stocks.News does not hold position in companies mentioned in the article.