AI data center stocks IREN, CoreWeave, and Nebius fell sharply after Texas Governor race results raised concerns about a moratorium on new data centers. Democrat Gina Hinojosa's win, with her platform supporting stricter limits on data center expansion, threatens Texas' significant share of planned U.S. data center capacity. IREN and CoreWeave, with major operations in Texas, saw declines of 5% and 4% respectively, while Nebius, less exposed to Texas, dipped 2%. Investors are cautious as upcoming quarterly results may clarify the impact of potential new regulations on these companies' growth plans.
As of Nov 04, 2026 22:11 WIB, CoreWeave trades at USD 50.18 on Pluang, down 6.62% for the day. Nebius is priced at USD 147.46 with a 2.76% decline, reflecting cautious investor sentiment. CoreWeave's market cap stands at $29.64 billion, highlighting its significant scale amid the Texas election concerns.
CoreWeave's stock has dropped over 57% in six months due to heavy debt concerns, with about $50 billion owed and bond yields implying a high default risk. Despite this, the company boasts a $104 billion revenue backlog and strong contract growth, wit...
Oracle's stock jumped 6% following its announcement of a $20 billion stock and bond sale to fund its AI data center buildout, reversing a prior decline. The raise, split evenly between stock and bonds, aims to support Oracle's ambitious growth plans ...
Applied Digital's stock fell 8% after CEO Wes Cummins revealed the company still needs to finance about 800 MW of its planned AI data center capacity. Despite having $20 billion in contracted revenue and tenants with strong credit ratings, rising bor...
CrowdStrike stock dropped 3% despite a Deutsche Bank upgrade to Buy and a new partnership with CoreWeave expanding AI security offerings. The stock has already surged 107% year-to-date, prompting some profit-taking amid broader tech sector rotation a...
Oracle's stock fell 4% following its announcement of a $10 billion bond sale to fund AI data center expansion, raising investor worries about rising debt amid negative free cash flow. While Oracle borrows heavily, rivals like CoreWeave and Microsoft ...
