Why Tempus AI Inc. (TEM) Skyrocketed On Tuesday
From Yahoo Finance: 2025-05-13 19:40:00
On Tuesday, the stock market closed with mixed results after April inflation figures came in lower than expected. The Consumer Price Index for April rose by 0.2 percent, with an annual inflation rate of 2.3 percent – the lowest since February 2021. The S&P 500 and Nasdaq gained, while the Dow Jones was down.
Tempus AI Inc. (TEM) saw a 9.92 percent increase in its stock price on Tuesday, closing at $68.91 per share. Tradr ETFs launched the “Tradr 2X Long TEM Daily ETF (CBOE: TEMT),” aiming to deliver twice the daily performance of TEM’s common stock. The introduction of ETFs can boost visibility and trading activity for companies.
TEM ranks 10th on the list of firms crushing the market. While TEM shows promise as an investment, the focus remains on AI stocks for higher returns in a shorter period. Consider exploring our report on the cheapest AI stock with potential for growth, trading at less than 5 times its earnings.