Why Tempus AI, Inc (TEM) Is Skyrocketing?

We recently published a list of These 10 Firms Were Thursday’s Top Performers. In this article, we are going to take a look at where Tempus AI, Inc (NASDAQ:TEM) stands against other firms that were Thursday’s top performers.

Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.92-percent gain, while the S&P 500 and Nasdaq Composite grew 0.53 percent and 0.22 percent, respectively.

Ten companies, predominantly under the health, energy, and technology sectors—mirrored the gains on the back of stronger earnings performance and other catalysts fueling buying appetite.

Thursday’s top advancers only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

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Tempus AI, Inc (NASDAQ:TEM)

Tempus AI, Inc (NASDAQ:TEM) grew its share prices by 8.7 percent to finish at $54.84 each—a fourth consecutive day after the company unveiled last week its artificial intelligence-driven health concierge app called “olivia” designed to assist patients in managing their health.

Olivia is 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. It is also designed to address two core objectives centralizing patients’ health data and making that data accessible and actionable through AI.

Tempus AI, Inc (NASDAQ:TEM) said the app enables patients to bring their health information into one unified platform. They can also connect directly to over 1,000 health systems through electronic health record (EHR) integration, sync data from health devices to track daily metrics, or manually upload health records.

Overall, TEM ranks 9th on our list of firms that were Thursday’s top performers. While we acknowledge the potential of TEM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TEM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.