Billions of dollars in energy and technology investment are set to pour into Pennsylvania, the US Mid-Atlantic state, following a high-profile summit in Pittsburgh attended by US President Donald Trump.

CoreWeave will unveil the project at a CEO roundtable with Trump during an Energy and Innovation Summit at Carnegie Mellon University.

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.

During the summit held in Pittsburgh, Pennsylvania on July 15, companies promised new data centers, new jobs, cybersecurity education, energy research, and more.

A project near Carlisle was the 2nd largest out of 18 projects discussed at a major energy conference Tuesday attended by President Trump and Gov. Shapiro.

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