Toru Hanai / Bloomberg via Getty Images
Masayoshi Son, chairman and CEO of SoftBank, center, shakes hands with Tempus AI COO Ryan Fukushima, left, as Tempus AI CEO Eric Lefkofsky appears on a monitor during a news conference in Tokyo, Japan, on June 27, 2024.
-
Shares of Tempus AI had their best day on record on Tuesday after the corporate launched an AI-powered health concierge.
-
The stock also got a lift from former House Speaker Nancy Pelosi, who revealed a stake in the corporate in a stock trading disclosure on Tuesday.
-
Some analysts expect software corporations like Tempus to be major beneficiaries of AI this yr as they roll out AI agents—digital assistants with greater autonomy than chatbots.
Tempus AI (TEM) stock had its best day on record on Tuesday after the medical tech company launched an AI-powered health concierge and former House Speaker Nancy Pelosi revealed she’s bet on the stock.
Tempus on Tuesday morning launched olivia, “an AI-enabled personal health concierge app designed to empower patients by bringing their health-related data into one central location and leveraging advanced AI to supply actionable insights.”
The app, in keeping with a press release, can integrate with Apple Watch and Google Fit to trace a user’s day-to-day health, summarize their clinical history, and transcribe doctors’ appointments. Tempus CEO Eric Lefkofsky emphasized olivia “goes beyond organizing information; it’s a proactive partner” of patients navigating their health and care.
Tempus shares jumped 35.5% on Tuesday, the most important one-day jump for the reason that stock debuted in June.
The market’s response to olivia could reflect a changing AI narrative on Wall Street. Since 2022, the Magnificent Seven and other corporations vital to the buildout of AI infrastructure have been the important beneficiaries of the AI craze. In November, Goldman Sachs analysts predicted the AI revolution would enter “Phase 3” this yr, during which a greater variety of corporations will see artificial intelligence meaningfully contribute to their top and bottom lines. They expect software corporations specifically to learn as they launch AI agents like olivia—digital assistants able to greater autonomy than chatbots like ChatGPT.
Tempus stock also got a lift from a routine stock trading disclosure from former House Speaker Nancy Pelosi, who on January 14 purchased 50 call options expiring in January 2026 with a strike price of $20. Tempus stock closed just below $32 on the day of Pelosi’s trade, and on Tuesday closed at $47.64.
Pelosi, whose husband owns a enterprise capital firm, is one in all Washington’s most prolific traders. An ETF tracking the investments of Congressional Democrats launched in 2023 with the ticker “NANC,” a nod to Pelosi’s fame.
Pelosi’s disclosure on Tuesday revealed she also bought call options for Vistra (VST), shares of which soared 8% Tuesday, in addition to cybersecurity firm Palo Alto Networks (PANW), which advanced greater than 3%. Pelosi’s other investments included stakes in Alphabet (GOOG)(GOOGL), Amazon (AMZN), and Nvidia (NVDA). She sold a few of her stakes in Nvidia and Apple (AAPL) on the last day of 2024.
Read the unique article on Investopedia