Tempus AI (TEM) made its buying and selling debut on the Nasdaq by way of an IPO. The inventory has popped in Friday buying and selling after opening at $37 per share. Market Domination Anchors Julie Hyman and Josh Lipton have a look at Tempus within the broader AI narrative
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This submit was written by Luke Carberry Mogan.
Video Transcript
Tempest A I making its Wall Avenue debut.
Buying and selling began immediately on the NASDAQ, the corporate pricing its providing at $37 per share.
So this one was um an instrument so it makes it makes its debut.
Um They’re type of they’re utilizing A I to course of medical knowledge.
Um They’ve really been round for a while, Julie, they had been really present in 2015, described their companies creating clever diagnostics for precision medication by way of the financials posted income of 532 million in 2023.
That was up from 321 million the 12 months earlier.
It seems like they’re nonetheless dropping cash that misplaced about roughly 200 million in 23.
After all, common for a tech firm to go public.
Uh submit losses and buyers will usually look via that, particularly you probably have A I within the identify.
Yeah, though it is develop into much less typical, I really feel like you have got extra firms extra at a extra mature degree coming public and perhaps posting revenue.
However this not at that case.
It’s, it, it sounds attention-grabbing what they do.
They join your lab outcomes to your private medical knowledge to type of analyze, I suppose utilizing A I.
So, you already know, we’ll see uh how they proceed to go.
They did rise as a lot as 18% at one level in the course of the day.
However as we may see, they’re up about 10.5%.
Ceo Eric Lefkofsky additionally, by the best way, co founder, Groupon, truth, attention-grabbing, very completely different enterprise.
I do not know what classes he is making use of, however he have to be making use of some.
Hopefully he’ll come discuss to us and we will ask him that is a proper invitation to Eric.
