BCE Partners with CoreWeave (CRWV) to Build Canada’s Largest AI Data Center

FomoAnxiety · 2026-03-16T21:56:28+00:00

BCE's stock rose 2% after announcing a $1.7 billion investment for Canada's largest AI data center in Saskatchewan, supporting 800 jobs. The facility, operated by CoreWeave and Cerebras, aims to meet growing AI demand and bolster Canada's economic growth.

FomoAnxiety

2026-03-16 21:56:28

Abstract generation in progress

The stock of BCE BCE +2.50% ▲ is up 2% on March 16 after the telecommunications company announced plans to invest $1.7 billion to build Canada’s largest artificial intelligence (AI) data center.

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The data center will be based in the Canadian province of Saskatchewan and have 300 megawatts of power capacity. The facility will host AI computing infrastructure that’s operated by CoreWeave CRWV +5.19% ▲ and privately held Cerebras.

BCE said the AI data center is being built as demand for AI computing infrastructure accelerates in Canada and around the world. BCE CEO Mirko Bibic said the new AI data center will help to further the company’s broader AI strategy and boost Canada’s economic growth.

The Big Total Investment

The total economic investment tied to the AI data center is projected to be about $12 billion, when tenant computing hardware is factored into the equation. Construction is expected to support about 800 jobs, with roughly 80 permanent operational roles once the facility is completed.

The project is part of BCE’s broader strategy to expand AI-driven enterprise services and increase growth targets outlined at the company’s recent investor day. For CoreWeave, the project marks its biggest move yet within Canada following several major AI data center investments in the U.S.

Is CRWV Stock a Buy?

CoreWeave’s stock has a consensus Moderate Buy rating among 22 Wall Street analysts. That rating is based on 12 Buy, nine Hold, and one Sell recommendations issued in the last three months. The average CRWV price target of $113.45 implies 34.47% upside from current levels.

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