Key Points
CoreWeave announced a $6 billion investment in a new data center in Pennsylvania.
Nvidia also made a bullish announcement for the semiconductor industry.
10 stocks we like better than CoreWeave ›
Shares of CoreWeave (NASDAQ: CRWV), a leader in artificial intelligence (AI) infrastructure, were on the move today after the company announced that it would invest $6 billion to open a new data center in Pennsylvania.
The news shows the company continuing to invest in the rapidly growing market, paving the way for new capacity. Additionally, CoreWeave could be benefiting from news that Nvidia will now be allowed to sell its H20 AI chips in China, which benefits a key ally and investor in the company, and paves the way for other companies to do the same, expanding the semiconductor market.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »
The stock closed up 6.2% on the news.
Image source: Getty Images.
CoreWeave announces a new data center
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.
This morning, CoreWeave said it would commit more than $6 billion for a state-of-the-art data center in Lancaster, Pennsylvania. The announcement will be made at an event with President Trump, with both of its senators and the governor present.
The facility will be one of the first large-scale data centers in that region and will have an initial capacity of 100 megawatts, with the potential to expand to 300 MW.
Including the Lancaster facility, the company will now have 33 AI data centers, including 28 in the U.S.
What’s next for CoreWeave?
The AI infrastructure company just wrapped up a quarter where it reported 420% revenue growth, and it’s expected to continue to expand at a rapid rate.
While CoreWeave may be a long way from profitability, investing in new data centers makes sense when demand is growing this fast.
Should you invest $1,000 in CoreWeave right now?
Before you buy stock in CoreWeave, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and CoreWeave wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $680,559!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,005,670!*
Now, it’s worth noting Stock Advisor’s total average return is 1,053% — a market-crushing outperformance compared to 180% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of July 15, 2025
Jeremy Bowman has positions in Nvidia. The Motley Fool has positions in and recommends Microsoft and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
