These 10 Stocks Moved the Market This Week, Here’s Why

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1. Pony AI Inc. (NASDAQ:PONY)

Pony AI skyrocketed by 72.4 percent week-on-week to end at $17.93 on Friday versus the $10.40 a week earlier as investors gobbled up shares in the company after clinching a deal with ride-hailing giant Uber Technologies Inc. (NYSE:UBER) to expand its autonomous driving cars globally.

Earlier this week, Uber Technologies Inc. (NYSE:UBER) announced that it joined forces with Pony AI Inc. (NASDAQ:PONY) to offer robotaxis in a key market in the Middle East later this year.

The announcement came as a boost to Pony AI Inc. (NASDAQ:PONY), a ride-hailing giant based in China, as it would leverage Uber’s wide customer base globally.

During the initial phase, the robotaxis will remain supervised by safety operators onboard until the fully autonomous commercial launch.

The two companies also aim to expand their partnership into other international markets.

“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 Pony AI Inc. (NASDAQ:PONY) CEO James Peng.

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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