CoreWeave bonds tumble to new lows after Texas elected a data center foe
CoreWeave stock fell 7.2% following the election of Gina Hinojosa as Governor of Texas. Hinojosa has campaigned on a platform that includes a moratorium on data centers, which directly threatens the company's business model.
Why it matters
This highlights the growing political risk for infrastructure-heavy tech companies as local governments begin to regulate data center expansion due to resource concerns.
Democrat Gina Hinojosa, who has called for an immediate data…
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