AIQuartzabout 1 hour ago
CoreWeave Bonds Plummet After Texas Election
1 min read
CoreWeave bonds tumble to new lows after Democrat Gina Hinojosa ousted Gov. Greg Abbott, who had frozen data center permits. CoreWeave stock slid 7.2% to $49.85, while 2031 notes dropped to 79.5 cents per dollar. Yields on 2030 and 2032 bonds rose north of 15% as investors feared tighter curbs on AI expansion following the midterm election results.
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