Tempus AI (TEM) saw an uncommon surge in its stock price on Tuesday marking the most successful trading day even for the company. This remarkable leap followed the launch of their innovative AI-driven health concierge service. Alongside the launch, the revelation that former House Speaker Nancy Pelosi has invested in the stock also contributed to the increase.
Tempus on Tuesday morning unveiled Olivia which is an AI-enabled personal health concierge app. It has been specially designed to empower users by consolidating their health data into a single platform and using sophisticated AI to deliver actionable insights.
According to a press release, the app effortlessly integrates with devices such as Google Fit and Apple Watch. It allows users to monitor their daily health, transcribe notes from doctor visits as well as summarize their medical history.
Tempus CEO Eric Lefkofsky highlighted that Olivia is not just about organizing data but it is also like a companion to the patients that help them manage their health journey.
On Tuesday, the stock grew by 35.5% marking the largest single-day increase since it made its market debut in June. The enthusiastic market response to Olivia may also signal a shift in the AI narrative on Wall Street.
Since 2022, Magnificent Seven and other key players in AI infrastructure have received the awards of the ongoing AI boom. In addition to this, Tempus stocks got a boost from a disclosure by Nancy Pelosi who bought 50 call options on January 14. These calls are set to expire in January 2026 with an increased price of $20. Pelosi whose husband runs a venture capital firm is well-known as one of the most active trailers in Washington. Her recent disclosure indicates that she acquired call options from Vistra (VST ) which experienced an 8% increase on Tuesday. Also, the cybersecurity firm Palo Alto Networks (PANW) she bought rose over 3%.
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