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This is Why Pony AI Just Galloped 15% Higher

Over the last few days, shares of Pony AI ( NASDAQ: PONY) soared from about $13.25 to a recent high of $20.09. Today alone, it's up 15%, or by $2.64 a share, with volume spiking to 15.76 million, as compared to its daily average volume of eight million. Fueling upside, the company announced it was partnering with Qatar's transportation provider, Mowasalat, to help deploy its autonomous vehicles in the country. All of which will expand Pony AI's footprint in the Middle East.

Artificial intelligence

Cars

from24/7 Wall St.

2 months ago

Can Pony AI Hit $15 a Share?

Pony AI has ramped up its Robotaxi production and commercialization, seeing a 9% increase in stock value.

European startups

fromTechCrunch

4 months ago

Uber turns to Chinese companies to snap up robotaxi market share in Europe, Middle East | TechCrunch

Uber partners with Pony AI to expand robotaxi services, showcasing its growth strategy in the global market.

Uber's collaboration with three Chinese companies highlights its aim to dominate the autonomous vehicle industry amid rising competition.

NYC startup

fromFast Company

5 months ago

Pony AI stock price: Chinese Waymo rival is up a staggering 55% today. Here are 3 possible reasons why

Pony AI's costs to build autonomous driving systems drastically decreased, advancing its path to profitability.

from24/7 Wall St.

5 months ago

Here is Why Pony AI (Nasdaq: PONY) Is Soaring Today

Pony AI's seventh-generation autonomous system promises around 70% cost reductions in materials, 80% in computation, and significant savings on LiDAR, enhancing scalability.