Why Pony AI Stock Keeps Racing Higher
Will investor enthusiasm outrun Pony's cash reserves?

Pony AI (NASDAQ: PONY) stock just keeps on galloping. For the third day in a row, the small-cap Chinese robotaxi and robotruck company rode higher on Friday, building on huge gains Wednesday and Thursday. The stock tacked on another 22.7% through 9:40 a.m. this morning and now is up more than 120% over the past three days.
Yes, you read that right: Pony doubled, and then went up even more.
Image source: Getty Images.