10 Stocks Delivering Eye-Popping Gains

7. Pony AI Inc. (NASDAQ:PONY)

Pony AI grew its share prices by 11.98 percent on Thursday to finish at $14.58 apiece following news that Uber Technologies Inc.’s (NYSE:UBER) co-founder, Travis Kalanick, is setting his sights on the Chinese robotaxi firm’s US subsidiary.

Pony AI Inc. (NASDAQ:PONY), which went public only last year, has been mulling over selling or spinning off its US subsidiary since 2022, even going as far as creating a copy of its software.

Reports added that Uber Technologies Inc. (NYSE:UBER) is ready to back Kalanick’s acquisition plan.

Acquiring Pony AI Inc. (NASDAQ:PONY) would bring Kalanick back to the transportation business since he was pushed out of his own co-founded company in 2017.

The buyout bid followed Pony AI Inc. (NASDAQ:PONY) and Uber Technologies Inc.’s (NYSE:UBER) partnership of expanding the former’s international market presence, kicking off with key markets in the Middle East.