(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,

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.

AI cloud company CoreWeave announced plans to invest over $6 billion to develop a large-scale data center in Lancaster County, Pennsylvania, with the main aim of supporting high-performance AI workloads.