Why Tempus AI Inc. (TEM) Went Down On Tuesday?

Insider Monkey
09 Apr

We recently published a list of Tuesday’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where Tempus AI Inc. (NASDAQ:TEM) stands against other Tuesday’s worst-performing stocks.

Wall Street’s main indices suffered a bloodbath on Tuesday, recording steep losses amid the looming deadline for President Donald Trump’s new round of tariffs for China that would see the latter slapped with a cumulative 104-percent import tax.

The tech-heavy Nasdaq registered the heaviest fall, down by 2.15 percent, followed by the S&P 500’s 1.57 percent decline, and the Dow Jones’ 0.84-percent drop.

Ten companies mirrored the broader decline, recording hefty losses during the day. In this article, we listed the 10 worst-performing names and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

Syda Productions/Shutterstock.com

Tempus AI Inc. (NASDAQ:TEM)

Tempus AI saw its share prices drop by 12.81 percent on Tuesday to end at $37.23 apiece amid the overall market pessimism and the lack of fresh catalysts to boost buying appetite.

The company appeared to be waiting on the sidelines for more updates from the ongoing Annual Needham Virtual Healthcare Conference where the company is expected to present business updates.

According to TEM, its chief financial officer, Jim Rogers, will participate in a fireside discussion at the conference on Wednesday, April 9, and investors will be watching out for cues about its plans and business updates.

TEM is a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare. With one of the world’s largest libraries of multimodal data and an operating system to make that data accessible and useful, the company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development, and delivery of optimal therapeutics.

Overall, TEM ranks 4th on our list of Tuesday’s worst-performing stocks. While we acknowledge the potential of TEM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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