Jet.AI Shares More Than Double After News of Data Center Deal

Dow Jones

02-20

By Stephen Nakrosis

Shares of Jet.AI have more than doubled on the Nasdaq following news the company signed a letter of intent for its first 50-megawatt data center project.

In Wednesday trading, the shares, which closed the prior day at $4.06, were at $9.02. Volume topped 88.7 million shares, above the 65-day average volume of 2.7 million shares.

Jet.AI said the new data center will be part of a new 120-acre campus that contains room for the phased construction of a full gigawatt of capacity in the years ahead.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

February 19, 2025 13:44 ET (18:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Volume topped 88.7 million shares, above the 65-day average volume of 2.7 million shares. \n\n\n  Jet.AI said the new data center will be part of a new 120-acre campus that contains room for the phased construction of a full gigawatt of capacity in the years ahead. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 13:44 ET (18:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0}}}