Movano (MOVE) shares surged over 200% after announcing a merger with Corvex, a GPU-accelerated AI cloud computing company. The deal values each share at $6.25, but concerns arise about MOVE’s reduced ownership post-merger. Legal challenges and limited Wall Street coverage further complicate MOVE’s future, signaling potential risks for investors.

Read more at Yahoo Finance: This Penny Stock Just Tripled on an AI Deal. Should You Buy Its Shares Here?