These 10 Firms Soared Last Week, Here’s Why

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1. Pony AI Inc. (NASDAQ:PONY)

Pony AI saw its share prices skyrocket by 48.3 percent week-on-week to end at $10.40 on Friday, versus the $7.01 on April 25, ahead of the release of its first quarter earnings performance and recent news that it was making a foray into the robotaxi industry.

According to Pony AI Inc. (NASDAQ:PONY), it is scheduled to release the results of its earnings performance before the market opens on Tuesday, May 20, 2025.

Apart from its earnings results and outlook for the year, investors will be closely watching for more concrete updates about its robotaxi entry.

In recent news, Pony AI Inc. (NASDAQ:PONY) said that it was setting its sights on the robotaxi sector, especially since it is now able to build its autonomous driving system for 70 percent less.

Pony AI Inc. (NASDAQ:PONY) is originally an autonomous driving technology company that only supports carmakers in making vehicles autonomous.

In an interview with CNBC on Friday, PONY CEO James Peng said that the firm is currently in talks with Tencent Cloud to offer robotaxi services on the latter’s WeChat and other applications. He said both parties will benefit from the latter’s huge user base and cloud offerings.

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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