Why Pony AI Inc. (PONY) Went Up On Friday

We recently published a list of What Propelled These 10 Firms’ Double-Digit Gains? In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other Friday’s top performers.

The stock market ended the trading week on a strong note, with all major indices clocking in strong gains, as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results.

The tech-heavy Nasdaq led the rally among all major indices, finishing up by 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent.

Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year. In this article, we have identified the 10 top performers on Friday and detailed 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.

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Pony AI Inc. (NASDAQ:PONY)

Pony AI snapped a three-day losing streak on Friday, surging 21.50 percent to close at $10.40 apiece as investors continued to load up on shares in the company 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 also 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 Friday’s top performers. 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.

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