5 Stocks That Started The Year On A High

3. Tempus AI Inc. (NASDAQ:TEM)

Tempus AI Inc. is a healthcare technology company that provides molecular genotyping, polymerase chain reaction profiling, next-generation sequencing diagnostics, and other anatomic & molecular pathology testing. The company provides its services to pharmaceutical companies, healthcare providers, researchers, biotechnology companies, and third parties. As an innovative company with a focus on AI, it receives a lot of investor attention.

Cathe Wood raised her stake in the company in January by adding a further 600,000 shares to her company’s multiple funds. Even though TEM was only initiated in the ARK Genomic Revolution ETF (ARKG) in December, the weightage in the Ark Innovation ETF (ARKK) grew quickly to become the tenth-largest holding in the ETF. As things stand, TEM is 3.2% of ARKK’s total value.

Donald Trump’s inauguration and the subsequent focus on Project Stargate also propelled the stock forward. The company gained a healthy 69% on the back of the above two developments and is likely to continue delivering good performance for investors.