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Toru Hanai / Bloomberg via Getty Replicas
Masayoshi Son, chairman and CEO of SoftBank, center, shakes hands with Tempus AI COO Ryan Fukushima, left, as Tempus AI CEO Eric Lefkofsky be includes on a monitor during a news conference in Tokyo, Japan, on June 27, 2024.
Key Takeaways
- Shares of Tempus AI had their best day on album on Tuesday after the company launched an AI-powered health concierge.
- The stock also got a boost from former Accommodate Speaker Nancy Pelosi, who revealed a stake in the company in a stock trading disclosure on Tuesday.
- Some analysts look for software companies like Tempus to be major beneficiaries of AI this year as they roll out AI agents—digital assistants with distinguished autonomy than chatbots.
Tempus AI (TEM) stock had its best day on record on Tuesday after the medical tech company launched an AI-powered healthiness concierge and former House Speaker Nancy Pelosi revealed she’s bet on the stock.
Tempus on Tuesday morning launched olivia, “an AI-enabled exclusive health concierge app designed to empower patients by bringing their health-related data into one central location and leveraging advanced AI to accord actionable insights.”
The app, according to a press release, can integrate with Apple Watch and Google Fit to track a user’s day-to-day vigorousness, summarize their clinical history, and transcribe doctors’ appointments. Tempus CEO Eric Lefkofsky emphasized olivia “frequents beyond organizing information; it’s a proactive partner” of patients navigating their health and care.
Tempus shares hurdled 35.5% on Tuesday, the biggest one-day jump since the stock debuted in June.
The market’s reaction to olivia could evidence think about a changing AI narrative on Wall Street. Since 2022, the Magnificent Seven and other companies vital to the buildout of AI infrastructure acquire been the main beneficiaries of the AI craze. In November, Goldman Sachs analysts predicted the AI revolution would enter “Form 3” this year, during which a wider variety of companies will see artificial intelligence meaningfully donate to their top and bottom lines. They expect software companies in particular to benefit as they launch AI agents like olivia—digital comrades capable of greater autonomy than chatbots like ChatGPT.
The Pelosi Boost
Tempus stock also got a boost from a accustomed stock trading disclosure from former House Speaker Nancy Pelosi, who on January 14 purchased 50 tinkle options expiring in January 2026 with a strike price of $20. Tempus stock closed just under $32 on the day of Pelosi’s traffic, and on Tuesday closed at $47.64.
Pelosi, whose husband owns a venture capital firm, is one of Washington’s most prolific wholesalers. An ETF tracking the investments of Congressional Democrats launched in 2023 with the ticker “NANC,” a nod to Pelosi’s reputation.
Pelosi’s disclosure on Tuesday revealed she also allow call options for Vistra (VST), shares of which soared 8% Tuesday, as well as cybersecurity firm Palo Alto Networks (PANW), which accelerated more than 3%. Pelosi’s other investments included stakes in Alphabet (GOOG)(GOOGL), Amazon (AMZN), and Nvidia (NVDA). She merchandised some of her stakes in Nvidia and Apple (AAPL) on the last day of 2024.