(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, which rents out access to Nvidia AI chips, has been on a tear since it went public at the end of March.

CoreWeave shares extended gains this week after the Nvidia partner said it would invest more than $6 billion in a new AI data center in Pennsylvania.

AI cloud firm CoreWeave has revealed plans to invest up to $6 billion in developing a data center in Lancaster, Pennsylvania. The data center will have an initial 100MW of IT capacity, though it will have the potential to scale up to 300MW, and will be "purpose-built" for AI use cases.

CoreWeave (CRWV) shares surged 8% after announcing a $6B AI data center in Pennsylvania, creating jobs and positioning the region as an AI innovation hub.

As the Pennsylvania Energy and Innovation Summit kicks off, Google is making a $25 billion data-center commitment to the broader region.

The announcement will be made during a CEO roundtable with Trump at Senator Dave McCormick's inaugural Pennsylvania Energy and Innovation Summit, the company said in a statement

CoreWeave CEO Michael Intrator sits down with CNBC's Brian Sullivan after announcing the company's $6 billion AI data center investment in Pennsylvania.