Google, Meta, and CoreWeave lead an expected $90 billion wave of AI and energy investments in Pennsylvania, marking a shift toward infrastructure-driven AI growth.

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.

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."

C3.ai ( AI 3.98%) and CoreWeave ( CRWV 1.17%) are both poised to profit from the expansion of the artificial intelligence (AI) market. C3 develops AI algorithms and standalone modules that can be plugged into an organization's existing software infrastructure. CoreWeave's data centers provide cloud-based GPUs for processing AI tasks.