CoreWeave (CRWV) investors have spent much of 2026 worrying about whether the artificial intelligence infrastructure company can build data centers fast enough to satisfy its customers. Now they have another problem—a lot of people don’t want those data centers built in the first place.
CRWV stock fell nearly 10% Wednesday after Democrats captured both houses of Congress in Tuesday's midterm elections. Notably, for CoreWeave, Democrat Gina Hinojosa defeated incumbent Republican Gov. Greg Abbott in Texas. Hinojosa has called for a moratorium on new data center projects until protections are established for electricity supplies, water resources, and local communities.
