Jet AI (NASDAQ:JTAI) stock is on the rise Friday alongside heavy trading of the artificial intelligence (AI)-powered private aviation booking company’s shares this morning.
That has more than 12.9 million shares of JTAI stock trading hands as of this writing. This is well above its daily average trading volume of about 677,000 shares.
Investors will note that this activity comes despite a lack of news from the company. That includes no press releases or filings with the Securities and Exchange Commission (SEC).
It’s also worth mentioning that JTAI is a penny stock. That means it can experience volatility as certain types of traders pump and dump the shares.
However, that doesn’t mean JTAI is up for no reason.
JTAI Stock Rises Alongside AI Catalyst
AI stocks are red hot right now as Nvidia (NASDAQ:NVDA) prepares for its GPU Technology Conference (GTC) next week. That conference starts on March 18 and has analysts and experts excited about what it will do to AI stocks.
With that event in mind, it makes sense that JTAI stock is rallying ahead of it. It could also result in the shares getting another boost next week when the conference launches.
JTAI stock is up 89.3% as of Friday morning.
Investors can find more of the latest stock market stories below!
We offer all of the hottest stock market news for Friday! Among that is what has Zeo Energy (NASDAQ:ZEO) stock up, the biggest pre-market stock movers this morning and more. All of that info is available at the following links!
More Stock Market News for Friday
- Why Is Zeo Energy (ZEO) Stock Up 58% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday
- ACIU Stock Earnings: AC Immune Beats EPS, Beats Revenue for Q4 2023
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Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
