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via finance.yahoo.comTech & AI

CoreWeave and Oracle face a new threat from Texas

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Shares of artificial intelligence cloud infrastructure provider CoreWeave Inc. (CRWV, Financials) dropped approximately 7% in after-hours trading following the victory of Democrat Gina Hinojosa over Republican incumbent Greg Abbott in…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA winning candidate calling for a halt to new data-center projects could slow AI growth in Texas.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CoreWeave shares dropped about 7% in after-hours trading.
  2. 02Hinojosa has asked for a halt to new projects until electricity and water are protected.
  3. 03Nebius and Oracle declined roughly 4% in overnight trade.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
CoreWeave, Inc. Class A Common StockCRWVStock48.35 USD-1.04%today -10.04%Negative Oracle CorporationORCLStock125.98 USD-0.17%today -0.17%Negative Nebius Group N.V.NBISStock141.24 USD-1.11%today -6.86%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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