🔴 STAK drops 6.4% amid opposition to Alaska AI power project and broader market caution
STAK Inc.
STAK is trading 6.4% down at $3.80 as opposition mounts against a proposed multi-billion dollar AI data center power plant in Alaska by an entity named "Stak Energy," which aligns with STAK Inc.'s recent strategic focus.
Hundreds of public comments have been filed against the project, citing concerns over land use, pollution, and water consumption.
The broader market also remains cautious with major indices trading modestly lower amid uncertainty surrounding the FOMC minutes release today.