We recently published a list of These 10 Firms Soared Last Week, Here’s Why. In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other firms that soared last week.
The past trading week saw a more calm, generally optimistic, market environment amid the temporary pause in tit-for-tat tariffs, buoyed further by a flurry of corporate earnings for the first quarter of the year.
On a week-on-week basis, the tech-heavy Nasdaq rallied the most, up 3.4 percent, followed by the Dow Jones with 3 percent, and the S&P 500 by 2.9 percent.
Beyond the major indices, 10 firms stood out, booking double-digit gains as high as 48 percent, thanks to better-than-expected earnings and outlook.
In this article, we name this week’s 10 best-performing mid-cap companies and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 2 as against their prices a week earlier, or on April 25.
A close-up shot of a user-friendly and customizable interface of the company’s software, designed to suit different workflows.
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.
Overall, PONY ranks 1st on our list of firms that soared last week. 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.
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Disclosure: None. This article is originally published at Insider Monkey.
