Why Pony AI Inc. (PONY) Went Up On Thursday
From Yahoo Finance: 2025-05-09 00:43:00
The stock market gained on Thursday with the Nasdaq leading up 1.07%, followed by the Dow Jones up 0.62%, and the S&P 500 up 0.58%. President Trump outlined a trade deal framework with the UK, keeping a 10% baseline tariff. Top-performing stocks saw double-digit gains with positive revenue guidance and earnings.
Pony AI Inc. (PONY) surged 13.83% on Thursday to $16.96, following a partnership announcement with Uber to offer robotaxis in the Middle East. The collaboration aims to leverage Uber’s customer base globally and expand into other international markets. CEO James Peng highlighted the goal of developing safe and scalable autonomous driving technology.
PONY ranks 10th on Thursday’s top-performing stocks list. While promising, AI stocks may offer higher returns within a shorter time frame. Consider exploring other AI stocks for potential investment opportunities, as some have shown significant gains compared to popular AI stocks. Look for AI stocks trading at a discount for potential growth opportunities.
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