CoreWeave (NASDAQ: CRWV) shares fell more than 9% to $48.62 in Wednesday's premarket trading after Gina Hinojosa defeated incumbent Texas Governor Greg Abbott in the state's gubernatorial election, drawing attention to the company's 262-megawatt data-center commitment in Texas. Hinojosa has called for a moratorium on new data-center development until Texas lawmakers establish protections addressing electricity costs, water supplies, and local communities' role in approving projects.
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