• Tempus AI shares had their best day on record on Tuesday after the company launched an AI-powered healthcare concierge.

• The stock also got a boost from former House Speaker Nancy Pelosi, who disclosed a stake in the company in a stock trading disclosure on Tuesday.

• Some analysts expect software companies like Tempus to be the main beneficiaries of AI this year as they develop AI agents — digital assistants with more autonomy than chatbots.

Tempus AI (TEM) had its best day on record Tuesday after the medtech company launched an AI-powered health concierge and former House Speaker Nancy Pelosi revealed she was betting on the stock.

Tempus on Tuesday morning launched olivia, “an AI-powered personal concierge app designed to empower patients by bringing their health-related data into a central location and leveraging advanced artificial intelligence to provide actionable insights “.

The app, according to a press release, can integrate with Apple Watch and Google Fit to track a user’s daily health, summarize their clinical history and transcribe doctors’ appointments. The CEO of Tempus, Eric Lefkofsky, emphasized that Olivia “goes beyond organizing information; is a proactive partner” to patients navigating their health and care.

Tempus shares jumped 35.5% on Tuesday, the biggest one-day jump since the stock debuted in June.

The market’s reaction to Olivia could reflect a changing AI narrative on Wall Street. Since 2022, the Magnificent Seven and other companies vital to building the AI ​​infrastructure have been the main beneficiaries of the AI ​​craze. In November, Goldman Sachs analysts predicted the AI ​​revolution enter “Phase 3” this year, during which a wider variety of companies will see artificial intelligence contribute significantly to their bottom lines. They expect software companies in particular to benefit as they roll out AI agents like Olivia, digital assistants capable of greater autonomy than chatbots like ChatGPT.

Tempus shares also got a boost from a routine stock trading disclosure by former House Speaker Nancy Pelosi, who on Jan. 14 bought 50 call options expiring in January 2026 with a strike price of $20. Tempus shares closed just under $32 on the day of Pelosi’s trading and closed at $47.64 on Tuesday.

Pelosi, whose husband owns a venture capital firm, is one of Washington’s more prolific merchants. An ETF that tracks investments by congressional Democrats launched in 2023 under the ticker “NANC,” a nod to Pelosi’s reputation.

Pelosi’s disclosure on Tuesday revealed that she also bought call options to see (VST), whose shares soared 8% on Tuesday, as well as cybersecurity firm Palo Alto Networks (PANW), which advanced by more than 3%. Pelosi’s other investments include stakes in Alphabet (GOOG)(GOOGLE), Amazon (AMZN), and Nvidia (NVDA). He sold some of his holdings to Nvidia and Apple (AAPL) on the last day of 2024.

Read the original article at investopedia