Why Pony AI Stock Is Skyrocketing Today
Shares of Pony AI (NASDAQ: PONY) are flying higher on Tuesday. The stock has gained 34.3% as of 12:12 p.m. ET and was up by as much as 37% earlier in the day. The move comes as the S&P 500 and Nasdaq Composite indexes slipped 0.5% and 0.6%, respectively.Pony, a Chinese autonomous vehicle company, will partner with Uber Technologies to deploy its technology in Middle East markets later this year. Uber announced Tuesday that it will partner with Pony AI to begin offering autonomous robotaxi services in key markets in the Middle East before expanding to additional global markets in the future. The rollout will begin with "safety operators" in the driver's seats until the human operators are phased out. Continue reading
Shares of Pony AI (NASDAQ: PONY) are flying higher on Tuesday. The stock has gained 34.3% as of 12:12 p.m. ET and was up by as much as 37% earlier in the day. The move comes as the S&P 500 and Nasdaq Composite indexes slipped 0.5% and 0.6%, respectively.
Pony, a Chinese autonomous vehicle company, will partner with Uber Technologies to deploy its technology in Middle East markets later this year.
Uber announced Tuesday that it will partner with Pony AI to begin offering autonomous robotaxi services in key markets in the Middle East before expanding to additional global markets in the future. The rollout will begin with "safety operators" in the driver's seats until the human operators are phased out.
