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[CoreWeave bonds fell to new lows, and the Democratic victory clouded the outlook for Texas data centers] November 5 (Xinhua) CoreWeave bonds fell sharply on Wednesday, with some prices hitting new lows, as several Democratic candidates who advocated slowing down data center construction won the gubernatorial election, including in Texas. The AI ​​cloud computing provider's unsecured bonds due in 2031 were the worst performers among high-yield bond issuers on Wednesday, trading as low as 79.5% of face value, Trace pricing data showed. Its bonds maturing in 2030 and 2032 also fell, with prices now hovering at levels widely considered financially distressed and yielding more than 15%. CoreWeave is one of the companies that could be affected by the Texas policy. Gina Hinojosa defeated incumbent Governor Greg Abbott and became the first Democratic governor of the "Lone Star State" in more than 30 years. She has repeatedly called for an immediate moratorium on data center development.
U.S. stock trends 🕐 2026-11-05 00:01

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