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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 screen during a press conference in Tokyo, Japan, on the 27th. June 2024.
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Tempus AI shares had their best day ever on Tuesday after the company launched an AI-powered health concierge service.
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The stock also received support from former House Speaker Nancy Pelosi, who disclosed a stake in the company in a stock trading disclosure on Tuesday.
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Some analysts expect software companies like Tempus to be the main beneficiaries of AI this year, rolling out AI agents, digital assistants that are more autonomous than chatbots.
Tempus II (Tim) The stock had its best day ever on Tuesday after the medical technology company launched an AI-powered health concierge service and former House Speaker Nancy Pelosi revealed she was betting on the stock.
On Tuesday morning, Tempus launched Olivia, “an AI-enabled personal health concierge app designed to empower patients by bringing their health-related data to one central location and leveraging advanced AI to deliver actionable insights.”
The app, according to a press release, can integrate with Apple Watch and Google Fit to track a user’s daily health, summarize their clinical history, and log doctors’ appointments. Eric Lefkofsky, CEO of Tempus, emphasized that Olivia “goes beyond organizing information; it is a proactive partner” to patients navigating their health and care.
Tempus shares jumped 35.5% on Tuesday, the biggest single-day jump since the stock debuted in June.
The market’s reaction to Olivia may reflect a changing AI narrative on Wall Street. Since 2022, Magnificent Seven and other companies vital to building AI infrastructure have been the main beneficiaries of the AI craze. In November, Goldman Sachs analysts predicted that an AI revolution would occur Enter “Stage 3” This year, a wide range of companies will see AI effectively contributing to their top and bottom lines. They expect software companies in particular to benefit when they launch AI agents like Olivia, digital assistants capable of greater autonomy than chatbots like ChatGPT.
Tempus stock also got a boost from routine stock trading revelations from former House Speaker Nancy Pelosi, who on January 14 purchased 50 call options expiring in January 2026 with Strike price From $20. Tempus stock closed at less than $32 on Pelosi’s trading day, and closed Tuesday at $47.64.
Pelosi, whose husband owns a venture capital firm, is one of the Washington firms The most productive traders. An ETF tracking Democrats’ investments in Congress launched in 2023 with the symbol “NANC,” a nod to Pelosi’s reputation.
Pelosi’s revelation on Tuesday revealed that she had also purchased call options for view (VST), whose shares rose 8% on Tuesday, as did cybersecurity company Palo Alto Networks (Bano) which rose by more than 3%. Pelosi’s other investments included stakes in Alphabet (Google)(Google), Amazon (Amzn) and Nvidia (NVDA). sold some of its stakes in Nvidia and Apple (Apple) on the last day of 2024.
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