Why Pony AI Stock Surged More Than 7% Higher Today
The Chinese company takes a large step toward its goal of eventual commercial rollout.Autonomous driving technology specialist Pony AI (PONY 7.72%) had a fine Wednesday on the stock exchange, following news of the launch of an important pilot project in its native China. With that, investors turbocharged the stock, sending it more than 7% higher in value. That was more than good enough to top the 0.8% rise of the bellwether S&P 500 index.Big news in BeijingThat morning, Pony AI reported that vehicles powere ...