Why Tempus AI Inc. (TEM) Went Up on Thursday

We recently published a list of 10 Firms Post Double-Digit Gains on Thursday. In this article, we are going to take a look at where Tempus AI Inc. (NASDAQ:TEM) stands against other firms that posted double-digit gains on Thursday.

Wall Street’s main indices finished in the green territory on Thursday, as investors cheered President Donald Trump’s reciprocal tariffs–but not right away.

The Dow Jones rose 0.77 percent, the S&P 500 increased 1.04 percent, while Nasdaq jumped 1.50 percent.

Ten companies mirrored a broader market optimism, clocking in double-digit gains. In this article, we will explore the reasons behind their impressive performance.

To come up with Thursday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

Photo by ani-kolleshi on unsplash

Tempus AI Inc. (NASDAQ:TEM)

Shares of Tempus AI rose by 13.36 percent on Thursday to close at $83.75 apiece as investors cheered the company’s partnership with the nonprofit organization Institute for Follicular Lymphoma Innovation (IFLI).

In a statement, TEM said the partnership aims to develop targeted therapies for the disease through developing a real-world multimodal, deidentified FL data library in its data analytics platform, through which researchers may derive AI-driven insights to accelerate the development of FL treatments in an effort to improve patient outcomes.

TEM said the two parties will focus on prospectively generating multimodal FL data, particularly for POD24 patients who experience disease progression within 24 months of treatment.

Data from the National Cancer Institute as of 2024 showed that FL is most frequently diagnosed among people aged 65 to 74 and that the survival rate is at 89.9 percent.

Overall, TEM ranks 10th on our list of firms that posted double-digit gains on Thursday. 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 timeframe. 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.