Corvex shares surge 110.13% premarket on multiyear AI infrastructure deal

The AI cloud computing company said it signed a multiyear agreement to supply a leading artificial intelligence company with a cluster built on Nvidia Blackwell GPUs and Nvidia Quantum-2 InfiniBand networking.

Summary

Corvex, an AI cloud computing company, jumped 110.13% in U.S. premarket trading on Aug. 4 after announcing a multiyear agreement to provide a leading artificial intelligence company with a computing cluster. The system will use Nvidia Blackwell GPUs and Nvidia Quantum-2 InfiniBand networking, a high-speed interconnect used to link servers in large AI workloads. The move points to investor enthusiasm for companies tied to demand for advanced AI compute capacity and networking infrastructure.

Terms & Concepts
  • GPU: Graphics processor used for AI computing
  • InfiniBand: High-speed networking for data centers
  • premarket trading: U.S. stock trading before regular hours