Coreweave stock climbed after the company announced a $6 billion artificial intelligence data center project in Pennsylvania. The commitment includes an initial 100 megawatt data center that will be able to expand to 300 MW.

CoreWeave Inc., a provider of AI computing power to companies including OpenAI Inc. and Microsoft Corp., said it plans to invest as much as $6 billion to set up a data center in Lancaster, Pennsylvania,

(Reuters) -CoreWeave plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, as part of a push by U.S. President Donald Trump to maintain the country’s edge in the booming technology sector, the company said on Tuesday.

Mark Zuckerberg says Meta is building out some massive data centers to power its AI ambitions and compete with OpenAI, Google, and Anthropic.

Meta is building data centers in tents to rapidly scale AI infrastructure and try to catch rivals such as DeepSeek, OpenAI, Anthropic, and Google.

Meta’s AI spending spree continues. After reportedly offering tens (or in some cases, hundreds) of millions of dollars to lure away top researchers from competing artificial intelligence operations, CEO Mark Zuckerberg announced via Threads that the company plans to build several multi-gigawatt superclusters to ramp up its compute power.