AI infrastructure company Coreweave does not expect the political changes following the Democrats’ success in the US midterm elections to slow the expansion of data centers. CEO Mike Intrator said this during the earnings call, CNBC reports.
“We do not expect the sweeping changes in the regulatory framework to have any consequences,” Intrator said.
The statement comes after Coreweave reported revenue growth of 168 percent in the third quarter and raised its forecast for 2026. The company expects investments of 37 to 39 billion dollars for the full year and stands by its target of 1.85 gigawatts of active power by year-end.
Coreweave’s stock had fallen 40 percent over the past month due to concerns about a slowdown in AI expansion and tighter data center regulations.
