Why Pony AI Is Winning the Artificial Intelligence Race Today
Unless you have a very fast horse, it probably won't pay to chase Pony stock.
Pony AI (NASDAQ: PONY) stock is off to the races again.
The small-cap Chinese robotaxi and robotruck company, which surged more than 30% yesterday after announcing it has developed three new robotaxi models with partners Beijing Automotive, Guangzhou Automobile, and Toyota Motor, galloped ahead a further 27.6% through 10:25 a.m. ET this morning.
Much of today's gain can be attributed to yesterday's news, but there's a new development as well. The Fly is reporting this morning that Pony has picked a local partner, Hesai Group, to supply it with AT128 lidar sensors to help its new robotaxis see better.