Toru Hanai / Bloomberg by way of Getty Photographs
Key Takeaways
- Shares of Tempus AI had their greatest day on report on Tuesday after the corporate launched an AI-powered well being concierge.
- The inventory additionally acquired a lift from former Home Speaker Nancy Pelosi, who revealed a stake within the firm in a inventory buying and selling disclosure on Tuesday.
- Some analysts count on software program corporations like Tempus to be main beneficiaries of AI this yr as they roll out AI brokers—digital assistants with higher autonomy than chatbots.
Tempus AI (TEM) inventory had its greatest day on report on Tuesday after the medical tech firm launched an AI-powered well being concierge and former Home Speaker Nancy Pelosi revealed she’s guess on the inventory.
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 provide actionable insights.”
The app, in accordance with a press launch, can combine with Apple Watch and Google Match to trace a person’s day-to-day well being, summarize their medical historical past, and transcribe docs’ appointments. Tempus CEO Eric Lefkofsky emphasised olivia “goes past organizing data; it’s a proactive accomplice" of sufferers navigating their well being and care.
Tempus shares jumped 35.5% on Tuesday, the largest one-day bounce because the inventory debuted in June.
The market’s response to olivia may mirror a altering AI narrative on Wall Road. Since 2022, the Magnificent Seven and different corporations very important to the buildout of AI infrastructure have been the primary beneficiaries of the AI craze. In November, Goldman Sachs analysts predicted the AI revolution would enter “Phase 3” this yr, throughout which a greater diversity of corporations will see synthetic intelligence meaningfully contribute to their high and backside strains. They count on software program corporations particularly to learn as they launch AI brokers like olivia—digital assistants able to higher autonomy than chatbots like ChatGPT.
The Pelosi Enhance
Tempus inventory additionally acquired a lift from a routine inventory buying and selling disclosure from former Home Speaker Nancy Pelosi, who on January 14 bought 50 name choices expiring in January 2026 with a strike worth of $20. Tempus inventory closed slightly below $32 on the day of Pelosi’s commerce, and on Tuesday closed at $47.64.
Pelosi, whose husband owns a enterprise capital agency, is one in all Washington’s most prolific merchants. An ETF monitoring the investments of Congressional Democrats launched in 2023 with the ticker “NANC,” a nod to Pelosi’s status.
Pelosi’s disclosure on Tuesday revealed she additionally purchased name choices for Vistra (VST), shares of which soared 8% Tuesday, in addition to cybersecurity agency Palo Alto Networks (PANW), which superior greater than 3%. Pelosi’s different investments included stakes in Alphabet (GOOG)(GOOGL), Amazon (AMZN), and Nvidia (NVDA). She offered a few of her stakes in Nvidia and Apple (AAPL) on the final day of 2024.
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