#pony-ai

#pony-ai

Over the last few days, shares of Pony AI ( NASDAQ: PONY) soared from about $13.25 to a recent high of $20.09. Today alone, it's up 15%, or by $2.64 a share, with volume spiking to 15.76 million, as compared to its daily average volume of eight million. Fueling upside, the company announced it was partnering with Qatar's transportation provider, Mowasalat, to help deploy its autonomous vehicles in the country. All of which will expand Pony AI's footprint in the Middle East.

Pony AI's seventh-generation autonomous system promises around 70% cost reductions in materials, 80% in computation, and significant savings on LiDAR, enhancing scalability.