Pennsylvania, CoreWeave and Data Center
Digest more
CoreWeave and Core Scientific are both down sharply since agreeing to merge.
CoreWeave will unveil the project at a CEO roundtable with Trump during an Energy and Innovation Summit at Carnegie Mellon University.
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.
We recently published 14 Stocks Jim Cramer Discussed As He Talked About Record Bitcoin Price. CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently discussed. CoreWeave, Inc. (NASDAQ:CRWV) is an AI and cloud computing infrastructure provider.
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.