Pony AI stock surged 42.7% after launching robotaxi services in Guangzhou, China.

From Nasdaq: 2025-02-22 19:51:24

Pony AI (NASDAQ: PONY) stock surged 42.7% this week after launching robotaxi services in Guangzhou, China. The company’s valuation jumped 64.5% from its IPO. Pony AI is also testing self-driving truck fleets, securing key approvals from Chinese regulators. With a market cap of $8.3 billion, the stock is valued at 91 times expected sales. Analysts recommend other stocks over Pony Ai for potential high returns. The company’s partnership with the Chinese government positions it as a key player in autonomous vehicles, hinting at long-term growth potential.



Read more at Nasdaq: Why Pony AI Skyrocketed This Week