CoreWeave had an exciting H1'25 performance, thanks to the IPO, the demand for its neocloud, and the consequently rich multi-year backlog. Read why CRWV is a compelling buy.

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 Inc. is expanding a data center that is projected to double the electricity needs of a city near Dallas, another example of the strains that artificial intelligence workloads are placing on the US power supply.

Unless Lancaster city leaders take action quickly, residents may have little say in the approval process for a planned $6 billion data center announced this week by artificial intelligence and

CoreWeave announces plans to invest $6 billion in building AI data center in Pennsylvania, boosting innovation and creating jobs.