Tempus AI Inc. (NASDAQ:TEM) stock is surging over 11% on Friday at the time of publication.
The price movement is primarily driven by a broader AI-healthcare technology sector rally sparked by stellar earnings and guidance from industry peers like Doximity Inc. (NYSE:DOCS).
The Nasdaq is up 0.86% while the S&P 500 has gained 0.47%, and TEM’s move is also outpacing the Healthcare sector’s 0.3% gain.
Peer Earnings Drive Sector Momentum
Doximity reported fiscal first-quarter revenue of $156.6 million on Friday, beating consensus analyst estimates of $151.7 million.
