Pony AI Inc. (PONY) surged 72.4% after partnering with Uber Technologies for autonomous driving
From Yahoo Finance: 2025-05-10 09:21:00
The stock market dipped as trade negotiations between the US and China loomed. Despite this, 10 companies saw impressive gains. Pony AI Inc. (NASDAQ:PONY) surged by 72.4% after announcing a partnership with Uber Technologies Inc. (NYSE:UBER) to expand autonomous driving globally, making it the top mover this week.
Uber Technologies Inc. (NYSE:UBER) and Pony AI Inc. (NASDAQ:PONY) teamed up to offer robotaxis in the Middle East. This collaboration will allow Pony AI Inc. (NASDAQ:PONY) to leverage Uber’s global customer base. The initial launch will include safety operators onboard until the fully autonomous commercial launch.
Pony AI Inc. (NASDAQ:PONY) CEO James Peng expressed excitement for the Uber partnership, highlighting the company’s commitment to developing safe and scalable autonomous driving technology. PONY ranks first among stocks that moved the market this week, but AI stocks may offer even greater returns. If interested, check out our report on the cheapest AI stock.