Jet.AI shares surge 14.09% intraday after approving $5M stock buyback and completing third milestone in joint venture with Consensus Core.

Jet.AI surged 14.09% intraday, driven by the announcement of a $5 million stock repurchase plan to enhance shareholder value and the completion of the third milestone in its joint venture with Consensus Core on the Convergence Compute hyperscale data center project. The company, a provider of high-performance GPU infrastructure and AI cloud services, confirmed progress on the project, including submitting a power load study application, confirming natural gas supply, and signing renewable energy procurement agreements for hydro and wind power.