CoreWeave (CRWV) fell 7% and Nebius (NBIS) 5% after Wedbush’s Dan Ives estimated that 10% of planned US data centers will not be built now that Democrats control Congress. These neoclouds need new sites to grow and service their debt, so a slower buildout would hit them before the hyperscalers. Aleph’s Michael Eisenberg noted that all but one of the roughly 41 local data center measures with results so far went against them, usually by 70 to 80%, while Liz Ann Sonders of Schwab cited data showing third-quarter project cancellations nearly exceeded 2024 and 2025 combined. CoreWeave guided to $860 million to $940 million of third-quarter interest expense against $200 million to $260 million of adjusted operating income. GPU rental prices are rising, but committed contracts made up 98% of CoreWeave’s 2025 revenue, so higher rents mainly apply to new capacity.
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NVDAdata centersCoreWeaveDan Ives
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NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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