We recently compiled a list of the 10 Firms Kick Off Trading Week Soaring. In this article, we are going to take a look at where Tempus AI, Inc (NASDAQ:TEM) stands against the other stocks.

Wall Street’s main indices kicked off the trading week soaring on Tuesday amid a series of catalysts from President Donald Trump’s inauguration event that fueled investor sentiment.

The Dow rose by 1.24 percent, the S&P 500 rose 0.88 percent, while the Nasdaq Composite increased 0.64 percent.

On Tuesday, 10 companies—mostly under the space exploration, energy, and quantum computing sectors—registered the highest gains. In this article, let’s take a look at their impressive performance.

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

A patient viewing their medical diagnosis on a digital healthcare ecosystem.

Tempus AI, Inc (NASDAQ:TEM)

Tempus AI, Inc (NASDAQ:TEM) grew its share prices by 35.53 percent on Tuesday to close at $47.64 each following the official launch of its app, Olivia.

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 2nd on our list of the firms that kicked off the trading week soaring. 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 as promising as TEM but 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.