STAK is trading 9.4% up at $4.43 in pre-market, extending a sharp rebound after the company announced it has entered a memorandum of understanding to form a majority-owned U.S. subsidiary focused on AI data center power solutions.
- The move follows significant after-hours strength where the stock previously surged approximately 20% on the news.
- Investor attention remains high as the company pivots toward the high-demand AI infrastructure sector.
- The current price action marks a recovery from recent volatility, with the stock maintaining momentum from the strategic announcement.