Corvex (MOVE)
Dedicated GPU infrastructure and secure inference services for AI workloads.
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Provides reserved GPU compute, storage, managed infrastructure, and secure inference services for AI training and inference under fixed-term customer contracts. Also retains a reduced-scale connected-device business while evaluating disposal of those legacy healthcare assets.
Operates dedicated, GPU-accelerated infrastructure for AI training and inference through AI Factories and GPU Clusters. Deployments can use managed Kubernetes or bare metal across cloud, on-premise, multi-tenant, and single-tenant configurations, with current NVIDIA systems in data-center deployments.
Contracts reserved compute and storage capacity for fixed terms, together with support services, rather than charging solely for usage. Confidential Computing uses trusted execution environments, encryption, key exchange, and remote attestation intended to protect model weights and data during processing; Corvex Ignite provides dedicated, OpenAI-compatible inference endpoints.
Also retains the Wellness Ring and FDA-cleared EvieMED Ring business, operated at reduced capacity while disposal options are evaluated. Operations depend on GPU supply, power and leased data-center capacity. A single AI-cloud customer accounted for most reported revenue.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 16, 2026 | Chardan Capital | Target | Target: — | Target: $18.75 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.7M · Total debt $15.0M · Total assets $599.3M · Shareholders' equity $573.3M
- Revenue
- $3.8M
- Operating income
- −$15.2M
- Net income
- −$12.8M
No dividends on record.
| Insiders | 65.79% | 18.19M shares | |
|---|---|---|---|
| 12 holders · as of Jul 8, 2026 | |||
| Other | 34.21% | 9.46M shares | |
| remainder | |||
27.65M company shares as of Sep 22, 2026 · holders as of their latest filing
Two share counts disagree (27.65M in the company's Sep 22, 2026 report, 758.7K elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Seth DemseyInsiderdirector, officer: Co-Chief Executive Officer | 31.09% | 8.59M | filed Jul 8, 2026 |
John Adler III CrystalInsiderdirector, officer: Co-Chief Executive Officer | 25.77% | 7.13M | filed Jul 8, 2026 |
Emily FairbairnInsiderdirector | 5.22% | 1.44M | filed Jul 8, 2026 |
Christopher MorelandInsiderofficer: CFO | 1.89% | 523,211 | filed Jul 2, 2026 |
Brian CullinanInsiderdirector | 0.40% | 111,276 | filed Jul 2, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 27, 2026 | Jeremy Cogan | officer: CFO | −28,736 | $20.78 |
| Jan 27, 2026 | John Mastrototaro | director, officer: Chief Executive Officer | −33,069 | $20.80 |
| Jan 14, 2026 | Michael Aaron Leabman | director, officer: Chief Technology Officer | −6,845 | $6.66 |
| Jan 13, 2026 | Michael Aaron Leabman | director, officer: Chief Technology Officer | −2,076 | $6.94 |
| Jan 12, 2026 | Michael Aaron Leabman | director, officer: Chief Technology Officer | −3,377 | $7.01 |
- CoreWeave
Closest GPU-neocloud rival in dedicated AI capacity.
- Amazon
Global GPU cloud and managed AI-platform rival.
- Microsoft
Azure GPU infrastructure and AI platform for enterprise workloads.
- Alphabet Class A
GCP GPU infrastructure and managed AI services rival.
- Nebius
GPU-neocloud rival for managed training and inference.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Corvex | $11.12 | +2.68% | $8.6M | — | — | 1.9 | +3,590.3% |
| CoreWeave | $86.86 | +0.15% | $46.61B | — | — | 6.1 | +112.3% |
| Amazon | $255.02 | −0.01% | $2.78T | 20.8 | 27.3 | 3.6 | +19.6% |
| Microsoft | $498.00 | −0.01% | $3.72T | 27.9 | 25.4 | 11.2 | +17.8% |
| Alphabet Class A | $351.44 | +0.08% | $4.30T | 17.8 | 26.1 | 9.6 | +24.2% |
| Nebius | $235.91 | −0.10% | $55.87B | — | — | 41.2 | +454.0% |
| Median | 20.8 | 26.1 | 9.6 | +24.2% |