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 Inc.’s $9 billion acquisition of Core Scientific Inc. has thrown investors holding the smaller company’s convertible bonds for a loop.

CoreWeave and Core Scientific are both down sharply since agreeing to merge.

CoreWeave’s CEO said the acquisition will enhance the company’s performance and expertise as they "continue helping customers unleash AI’s full potential."

CoreWeave CEO Mike Intrator discusses their acquisition of Core Scientific, their $6 billion investment in a data center in Lancaster, Pennsylvania, the demand for artificial intelligence and more on 'Mornings with Maria.

CoreWeave's acquisition of Core Scientific aims to verticalize data center ownership and cut $500 million in costs by 2027. Read why CRWV stock is a Buy.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures.Another big inflation report is due before the open, along with earnings from chip-gear giant ASMLASML as well as Goldman SachsGS.