FOXO Technologies Plunges 37.89% Amid AI Expansion

On May 7, 2025, FOXO Technologies experienced a significant drop of 37.89% in pre-market trading, marking a notable decline in its stock performance.

FOXO Technologies has recently expanded its AI-grade fiber network to Miami, connecting 12 data centers with an infrastructure capable of handling 800 Gbps capacity. This expansion is expected to enhance Miami's digital connectivity, potentially driving demand for FOXO's services and impacting its stock performance.

Additionally, the company has introduced Shapes, AI social agents designed to interact with users in a more personalized and engaging manner. This innovation could attract new users and partners, further boosting FOXO's market presence and financial prospects.