Announcement and Stock Reaction
Corvex announced a multi‑year agreement to supply clusters of NVIDIA Blackwell GPUs together with NVIDIA Quantum‑2 InfiniBand networking to an unnamed leading AI company. Following the announcement, Corvex shares surged 67%.
Deal Scope and Technology
The contract expands on an earlier customer commitment and adds dedicated high‑speed storage and CPUs to the GPU clusters. The solution is built around NVIDIA’s latest Blackwell GPU architecture, which is optimized for AI workloads, and the Quantum‑2 InfiniBand networking technology for high‑performance computing clusters.
Delivery Schedule
Corvex delivered the first portion of the GPU cluster in the first quarter. The remaining capacity is scheduled for delivery in the second and third quarters of the current fiscal year.
Revenue Timing
The company indicated that full run‑rate revenue from the agreement will commence midway through the current quarter.
Funding Structure
The expansion is being financed through a combination of debt financing, customer pre‑payment, and cash on hand, with no new equity being issued.
Relationship Continuity
The deal represents a continuation of Corvex’s relationship with the unnamed AI company, building on previous infrastructure commitments.