CoreWeave Bonds Hit Lows as Texas Data Centers in Crosshairs (1)

Katherine Schwartz ·

1 min read Original article ↗

Nov. 4, 2026, 9:07 PM UTC

CoreWeave Inc.’s bonds tumbled on Wednesday, in some cases to new lows, after Democratic candidates in favor of slowing down data-center construction won a number of gubernatorial races, including in Texas.

The AI cloud-computing provider’s unsecured debt due in 2031 was among the worst-performing among high-yield borrowers on Wednesday, trading as low as 79.5 cents on the dollar, according to Trace pricing data. Its obligations due in 2030 and 2032 also fell, and are hovering around prices widely considered to be distressed, with yields exceeding 15%.

CoreWeave is among the companies exposed to policy choices in Texas, ...

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