Movano Inc. Surges After Partnership with Corvex for GPU Lease
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Source: Benzinga
Movano Inc. shares surged 167.1% to $18.51 in premarket trading, reflecting strong market sentiment following its partnership with Corvex for a long-term GPU lease.
The partnership involves Corvex securing a long-term GPU lease with a high-performance battery technology provider, deploying NVIDIA H200 GPU clusters to enhance AI development and research capabilities. This collaboration is expected to significantly improve Movano's market competitiveness and attract more enterprise clients, showcasing the company's potential in the AI sector.
The announcement has generated considerable investor interest, indicating a positive outlook for Movano's future as it leverages advanced technology to expand its market share.
Analyst Views on MOVE
About MOVE
Movano Inc., doing business as Movano Health, is developing a platform to deliver purpose-driven healthcare solutions to bring medical-grade data to the forefront of consumer health devices. Its commercial product Evie Ring is a wearable designed specifically for women. The Evie Ring combines health and wellness metrics to give a full picture of one’s health, which includes resting heart rate, heart rate variability, blood oxygen saturation, respiration rate, skin temperature variability, period and ovulation tracking, menstrual symptom tracking, activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking. The Company is also developing a proprietary System-on-a-Chip (SoC) designed for blood pressure or continuous glucose monitoring systems. This data is delivered through a mobile app which simplifies how data is presented and turns biometric data into actionable insights that help women make manageable lifestyle changes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
