Here’s What Fueled These 10 Firms’ Surge

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1. Pony AI Inc. (NASDAQ:PONY)

Pony AI skyrocketed by 47.63 percent on Tuesday to close at $14.32 apiece as investor sentiment was boosted by its partnership with Uber Technologies Inc. (NYSE:UBER) to ramp up robotaxi operations in the Middle East.

Under the deal, Pony AI Inc.’s (NASDAQ:PONY) robotaxis will be launched in Uber Technologies Inc.’s (NYSE:UBER) mobile application in a key market in the Middle East later this year.

During the initial pilot phase, the vehicles will have a safety operator onboard until the companies’ fully autonomous commercial launch.

The partnership followed Pony AI Inc.’s (NASDAQ:PONY) recent announcement that it was officially making a foray into the robotaxi industry.

Additionally, the partnership will also cover additional international markets in the future.

“At Pony.ai, our vision is to develop autonomous driving technology that is not only safe and reliable but also scalable, transforming daily transportation,” said Dr. James Peng, its co-founder and CEO.

While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PONY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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