STAK Inc. is trading 11.1% up at $5.70 following the announcement of a memorandum of understanding to form a majority-owned U.S. gas-to-electricity subsidiary.
- The initiative is tied to rising power demand from AI data centers, which has emerged as the primary catalyst for speculative interest.
- The stock is extending a sharp multi-day rally, having recently climbed from levels below $1 per share.