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

Dow Jones

20 Feb

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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