CoreWeave closed up over 7% as the company enters Indonesia, marking its first AI data center deployment in the Asia-Pacific region.

According to Reuters, AI cloud computing firm CoreWeave announced its entry into Indonesia, with plans to add three new data centers in the country, marking the company’s first data center deployment in the Asia-Pacific region. CoreWeave said the three facilities will add a total contracted power capacity of 360 megawatts (MW), and the company will handle full ownership and operations of all sites. The company noted that growing demand for localized AI computing power from Asian enterprises, AI-native firms, and governments—along with requirements for low-latency computing and data localization—are driving AI infrastructure expansion into regional markets. The Indonesia expansion plan also includes building and training a local operations team to support the new facilities and advance the local AI industry. As of March 2026, CoreWeave operates 49 data centers globally. Driven by sustained growth in demand for AI cloud infrastructure, the company has significantly increased capital investment this year, projecting capital expenditures between $31 billion and $35 billion in 2026. So far this year, CoreWeave has secured billions of dollars in cloud computing partnerships with multiple major tech firms, including expanding its $21 billion deal with Meta and signing a multi-year cloud services agreement with Anthropic. As of press time, CoreWeave closed up 7.16% with a market capitalization of $50.1 billion; it was down 1.24% in after-hours trading at $90.76.