BUZZ-Corvex rises after naming ex‑Morgan Stanley banker Moreland as CFO

Corvex, Inc.
Morgan Stanley

Corvex, Inc.

MOVE

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Morgan Stanley

MS

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** Shares of AI cloud computing firm Corvex MOVE.O rise 5.4% to $20.40

** Co says it appointed Christopher Chance Moreland as chief financial officer, effective June 29

** Says Moreland joins from Morgan Stanley, where he worked in leveraged and acquisition finance

** MOVE says his experience will help expand GPU infrastructure and raise funds as demand for AI computing grows

** CEO says his capital markets expertise will support data center expansion and software investment

** Says hire underscores focus on building financial strength to back rapid AI-driven growth

** Including session's move, stock up about threefold YTD