Movano surges on merger partner Corvex's H200 GPU agreement with Nvidia

Corvex

23/01/2026 11:46

Corrects headline and bullet 2 to say the deal is not with Nvidia, but to deploy Nvidia's H200 chips. Adds dropped word "premarket" in bullet 1

** Shares of Movano MOVE.O jump 168% premarket to $18.65

** Co's merger partner and AI cloud firm, Corvex, secures long-term deal with an unnamed company to deploy Nvidia's H200 AI chip under a lease agreement

** In November, Corvex announced to combine with Movano in an all-stock transaction; Corvex shareholders to own about 96.2% of the combined company upon completion

** Merger is expected to close in Q1 2026

** MOVE fell 85% in 2025

 (Jahanvi Kothari in Bengaluru)

 ((jahanvi.kothari@thomsonreuters.com))