CoreWeave and Nebius shares fall amid worries Democratic wins could slow AI data center construction

Democrats won control of Congress and governorships in states including Texas and Ohio, raising concerns about AI data center projects. Texas governor-elect Gina Hinojosa campaigned for a moratorium on AI data center construction pending legislative action. Jefferies analyst Aniket Shah said new governors could affect project costs and timelines. CoreWeave's bonds also tumbled, with its unsecured debt due in 2031 trading as low as 79.5 cents on the dollar.