Why Pony AI Inc. (PONY) Surged On Friday

We recently published a list of Investors Rushed Into These 10 Stocks Today. In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other Friday’s best-performing.

Pony AI grew its share prices by 12.30 percent on Friday to close at $19.26 apiece as investors resorted to bargain-hunting following two straight days of decline.

Just recently, Pony AI Inc. (NASDAQ:PONY) joined forces with Dubai’s Roads and Transport Authority (RTA). The partnership was in line with the company’s international expansion plans, while supporting the city’s 2030 Smart City Vision of transitioning its transportation system to 25 percent autonomous over the next five years.

Why Pony AI Inc. (PONY) Surged On Friday

A programmer typing on a laptop, highlighting the cutting edge software engineering solutions provided by the company.

According to Pony AI Inc. (NASDAQ:PONY), initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026.

Additionally, the robotaxi firm plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, while ramping up its robotaxi fleet globally to thousands of vehicles within the next two years.

It also collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis.

Overall, PONY ranks 1st on our list of Friday’s best-performing. While we acknowledge the potential of PONY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PONY and that has 10,000x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.