STAK Inc. is trading at $8.71 (7.3% up), extending a powerful rally that has seen the stock more than double since the beginning of June. The surge was ignited by a major company announcement and continues on strong momentum.
- On June 8, the company announced it signed a memorandum of understanding to create a majority-owned U.S. subsidiary.
- The new entity will develop and sell modular gas-to-electricity generation systems targeting the power-intensive AI data center market in North America.
- This strategic move marks a significant pivot from STAK's traditional oilfield equipment business into the high-growth AI infrastructure space, sparking significant investor interest.