These 10 Stocks Soared by Double Digits Today!

7. Pony AI Inc. (NASDAQ:PONY)

Pony AI saw its share prices jump by 19.09 percent on Thursday to close at $20.59 apiece as investors resorted to bargain-hunting following the previous day’s drop, as investors continued to digest its recent earnings performance.

In its financial statement, Pony AI Inc. (NASDAQ:PONY) said net loss widened by 80 percent to $37.4 million from $20.8 million in the same period last year, primarily due to investments its Generation 7 vehicles, one-time expenses associated with its IPO that was only settled during the period, as well as increased employee compensation.

Revenues, on the other hand, grew by 12 percent to $14 million from $12.5 million registered in the same period last year, thanks to a 200-percent jump in its Robotaxi services.

In recent news, Pony AI Inc. (NASDAQ:PONY) partnered with ride-hailing giant Uber Technologies Inc. (NYSE: UBER) to expand and offer its robotaxis in the Middle East through the Uber app.

The two companies also committed to deepening their partnership through expansion into other global markets.