Why Did Tevogen Bio Holdings Soar 11.82% After $10B AI Investment?

On June 10, 2025, Tevogen Bio Holdings experienced a significant surge, with its stock price rising by 11.82% in pre-market trading.

Tevogen Bio Holdings Inc. recently announced an expansion of its headquarters, investing $10 billion in AI and biosimilars. This strategic move is aimed at enhancing the company's capabilities in these cutting-edge fields, which could potentially drive future growth and innovation.

On June 9, 2025, the stock price of Tevogen Bio Holdings Inc. dropped by 23.08%, closing at $1.10 from the previous day's $1.43. This decline could be attributed to market volatility or other external factors affecting investor sentiment.