CoreWeave Seeks Truce With Texas Governor-Elect

CoreWeave CEO Michael Intrator wrote to Texas Governor-elect Gina Hinojosa asking her to let already-permitted data center projects move forward, days after she won on a pledge to freeze new approvals. The letter lands as CoreWeave shares ($CRWV) hit a record low of $49.92, down 44% over the past month. Texas accounts for roughly 23% of all planned US data center capacity, the largest share of any state.