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CoreWeave's $6 billion investment in Pennsylvania suggests there could be vast promise for AI data centers in a state already leading in energy production.
By spotlighting this project at a White House?backed summit, CoreWeave is cementing Pennsylvania's place as a hub for AI infrastructure and sparking fresh interest in regional economic development.
The stock closed up 6.2% on the news. CoreWeave has been seeing scorching-hot growth since it pivoted its business model to AI infrastructure, providing computing capacity to companies like Microsoft, Nvidia, and OpenAI, and it needs new data centers to fuel that growth.
CoreWeave announces plans to invest $6 billion in building AI data center in Pennsylvania, boosting innovation and creating jobs.
During the summit held in Pittsburgh, Pennsylvania on July 15, companies promised new data centers, new jobs, cybersecurity education, energy research, and more.