CHICAGO, IL – Shares of Tempus AI, Inc. (TEM), a leader in artificial intelligence and precision medicine, experienced a significant surge in morning trading on the NasdaqGS. As of 11:14:57 AM EDT, TEM stock price soared to 7.64, or +13.84%.
This substantial upward market performance saw the tech stock open at $55.24, slightly above its previous close of $55.18, and quickly gather momentum. The day’s trading range has been robust, from $55.20 to a high of $63.28, with the current price hovering near this peak. This rally is backed by strong investor interest, as evidenced by a trading volume of 15,895,334 shares, already surpassing its average volume of 12,460,379.
Tempus AI (TEM), known for its cutting-edge work in leveraging artificial intelligence to analyze molecular and clinical data for personalized patient care, particularly in oncology, is clearly capturing investor attention. With an intraday market capitalization of approximately $10.806 billion, the company is a significant player in the rapidly evolving AI in healthcare sector.
While the stock is still trading within its 52-week range of $22.89 – $91.45, today’s strong gains bring it closer to analysts’ 1-year target estimate of $65.50. Investors are keenly watching if Tempus AI can sustain this bullish momentum, as the AI stock sector continues to be a focal point for growth-oriented portfolios. The significant price jump and above-average volume suggest a renewed confidence or positive catalyst surrounding the precision medicine company.
Frequently Asked Questions (FAQ) about Tempus AI, Inc. (TEM)
Q1: What is Tempus AI, Inc. (TEM)?
A1: Tempus AI, Inc. (TEM) is a technology company focused on advancing precision medicine through the practical application of artificial intelligence (AI) in healthcare. They collect and analyze vast amounts of clinical and molecular data to help physicians personalize patient care, particularly in areas like oncology.
Q2: Why did Tempus AI (TEM) stock price increase significantly today?
A2: As of the morning of the report (11:14:57 AM EDT), TEM stock price surged by +13.84% to $62.82. This kind of market performance can be driven by various factors, including positive company news (though not specified here), strong sector sentiment for AI stocks or healthcare technology, or increased investor interest and buying activity, as indicated by the above-average trading volume.
Q3: What was the trading price for TEM mentioned in the report?
A3: The report, based on data at 11:14:57 AM EDT, stated that Tempus AI (TEM) was trading at $62.82.
Q4: What is the Day’s Range and 52-Week Range for TEM stock?
A4: On the day of the report, TEM traded in a range of $55.20 – $63.28. Its broader 52-week range is $22.89 – $91.45.
Q5: Where does Tempus AI (TEM) stock trade?
A5: Tempus AI, Inc. (TEM) trades on the NasdaqGS exchange.
Q6: What is the trading volume for TEM today compared to its average?
A6: The trading volume for TEM was 15,895,334 shares as of the report time. This is higher than its average volume of 12,460,379 shares, suggesting increased trading activity and investor interest in the AI stock.
Q7: What is the market capitalization of Tempus AI (TEM)?
A7: According to the image, the intraday market capitalization for Tempus AI (TEM) is approximately $10.806 billion.
Q8: What is the 1-year target estimate for TEM stock?
A8: The 1-year target estimate for TEM stock price shown in the image is $65.50. This is an analyst projection and not a guarantee of future performance.
Q9: Is Tempus AI (TEM) a good investment?
A9: This article provides information on TEM’s market performance but does not constitute financial advice. Investing in any stock, including AI stocks or tech stocks like Tempus AI, carries risks. You should conduct thorough research or consult a qualified financial advisor to determine if it aligns with your investment goals and risk tolerance.
