CoreWeave is maintaining its data-center expansion targets despite voter support for tighter limits, while CEO Michael Intrator told CNBC Wednesday that he had canceled his planned share-sale program.
CoreWeave said its third-quarter revenue increased 168% from a year earlier and separately raised its 2026 forecast. The company expects to have 1.85 gigawatts of active power by year-end and targets $37 billion to $39 billion in capital spending for 2026. The range’s midpoint implies 155% year-over-year growth, CNBC reported, while analysts polled by Visible Alpha projected $37.69 billion.
At the earnings call late Tuesday, Intrator said the company did not anticipate an effect from the election-related regulatory shift, responding to a question about new political pressures. “We do not anticipate any impact from the seismic regulatory shift that’s occurred,” he said. Intrator said electoral opposition would not deter the company, which he said must take local communities into account as it builds.
Ballotpedia’s tally showed voters supported tighter data-center restrictions in 40 of 41 ballot measures across 10 states Nov. 3. Democrats won both chambers of Congress and gubernatorial races in Texas, Ohio and Georgia, where winning candidates favor limits on new data centers, CNBC reported. After the election, J.P. Morgan Asset Management described projects from 2028 onward as the most exposed to uncertainty over permits, power access and financing.
CNBC reported that Intrator’s canceled 10b5-1 plan was announced in November 2025. Before canceling it, he had sold 8.26 million shares at an average $96.14 each, totaling $794.2 million. The outlet said CoreWeave stock rose 20% Wednesday after earnings but was down 18% in 2026 and about 27% over the prior month.
CNBC linked concerns about AI infrastructure financing to higher interest rates and a less favorable political environment. Debt exposure and possible regulatory delays were also examined in earlier EconoTimes coverage of risks for data-center builders.
