Why Pony AI Stock Is Flying High This Week
Pony AI (NASDAQ: PONY) stock has been on quite a run, having soared by about 160% in just the last month. Much of that gain came this week. Shares of the China-based autonomous mobility company were higher by 63.1% as of early Friday, according to data provided by S&P Global Market Intelligence.The stock's momentum wasn't due to any tailwinds from the Nasdaq Composite, which was about flat for the week at that same time. Rather, it came from a major partnership the company announced on Tuesday -- its second in the past two weeks.Image source: Getty Images.Continue reading
Pony AI (NASDAQ: PONY) stock has been on quite a run, having soared by about 160% in just the last month. Much of that gain came this week. Shares of the China-based autonomous mobility company were higher by 63.1% as of early Friday, according to data provided by S&P Global Market Intelligence.
The stock's momentum wasn't due to any tailwinds from the Nasdaq Composite, which was about flat for the week at that same time. Rather, it came from a major partnership the company announced on Tuesday -- its second in the past two weeks.
Image source: Getty Images.
