This article first appeared on GuruFocus. Shares of artificial intelligence cloud infrastructure provider CoreWeave Inc. (CRWV, Financials) dropped approximately 7% in after-hours trading following the victory of Democrat Gina Hinojosa over Republican incumbent Greg Abbott in the Texas governor's race.The outcome prompted questions about potential limits to data-center growth in one of the country's main marketplaces for AI technology.Hinojosa has asked for a halt to new projects until measures are put in place to protect the electrical supply, water resources and local populations.She is set to assume office in January 2027.CoreWeave has signed a deal to lease computer power at Galaxy Digital's Helios facility in West Texas, which is also growing.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.