Core Insights - Pony.ai has demonstrated strong operational performance in its Robotaxi services during the 2026 Chinese New Year holiday, achieving record paid order volumes in Shenzhen [1][3] Group 1: Operational Performance - During the CNY holiday, Pony.ai provided continuous Robotaxi operations across four tier-one cities in China: Guangzhou, Shenzhen, Beijing, and Shanghai, showcasing the reliability of its autonomous mobility services [2] - In Shenzhen, year-to-date cumulative paid orders as of February 16 have already surpassed the total for the entire year of 2025, driven by an expanded fleet and higher vehicle utilization, averaging 26 paid orders per vehicle per day during the nine-day holiday [3] Group 2: Strategic Expansion - The achievements during the holiday period have reinforced Pony.ai's large-scale commercial deployment of autonomous driving technology, with plans to further expand fleet size and operational coverage [4] - Pony.ai aims to bring safe and reliable autonomous mobility to a broader user base as momentum continues to build in its operations [4] Group 3: Company Overview - Founded in 2016, Pony.ai is a global leader in the mass production and commercialization of autonomous driving technology, committed to delivering safe and advanced solutions [5] - The company's strategy is centered around its proprietary world model, PonyWorld, and Virtual Driver technology, which support the development of its Robotaxi and Robotruck services [5] - Pony.ai operates in multiple regions, including China, Europe, East Asia, and the Middle East, and is among the few companies globally to achieve fully driverless commercial operations [5]

Core Viewpoint - Pony AI Inc. is set to hold an extraordinary general meeting (EGM) on April 2, 2026, to consider and potentially pass proposed resolutions supported by the board of directors [1]. Group 1: Extraordinary General Meeting (EGM) - The EGM will take place at 11:00 a.m. Beijing time on April 2, 2026, at Datang Industrial Park, Guangzhou, China [1]. - The EGM will follow class meetings for holders of Class A and Class B ordinary shares, which will also occur on the same date and location [2]. - Shareholders and holders of American depositary shares (ADSs) are encouraged to vote in favor of the proposed resolutions [1]. Group 2: Voting Eligibility - Holders of record of the Company's ordinary shares as of February 27, 2026, are entitled to attend and vote at the EGM and the class meetings [3]. - ADS holders must provide voting instructions to Deutsche Bank Trust Company Americas to exercise their voting rights for Class A ordinary shares [3]. Group 3: Company Overview - Pony AI Inc., founded in 2016, is a leader in the mass production and commercialization of autonomous driving technology [4]. - The company focuses on delivering safe and reliable autonomous driving solutions, powered by its proprietary technologies [4]. - Pony AI operates globally, with a vision of "Autonomous Mobility Everywhere," and has established extensive partnerships across the autonomous driving value chain [4].

Group 1 - Pony AI Inc. announced a strategic collaboration with Beijing ATBB Travel & Express Service to expand Robotaxi commercialization in China through a partnership-driven model [1][2] - The collaboration aims to deploy and operate Robotaxi services across top-tier cities in China, including airport venues and business travel scenarios [2] - The Robotaxi fleet will utilize Pony AI's seventh-generation vehicles and will be integrated into both Pony's ride-hailing platform and ATBB's Xinghui Mobility platform [3] Group 2 - Dr. James Peng, Founder and CEO of Pony AI, emphasized the importance of efficient and sustainable deployment of autonomous driving technology as it matures [1] - The partnership is expected to accelerate the adoption of Robotaxi services and strengthen the economics of their operations [1]

Market Overview - Asian shares showed mostly positive movement, influenced by gains on Wall Street, indicating a relatively calm holiday trading week [1] - U.S. futures remained nearly unchanged, suggesting stability in the market outlook [1] Commodity Prices - Gold prices reached a new record, rising 1.1% to $4,519.50, while silver increased by 1.5%, reflecting ongoing gains throughout the year [1] Currency Exchange Rates - The dollar traded at 156.01 yen, down from 157.04 yen, while the euro rose to $1.1782 from $1.1762, indicating fluctuations in currency values [2] Regional Market Performance - Hong Kong's Hang Seng index fell 0.1% to 25,774.14, while the Shanghai Composite index edged up 0.1% to 3,919.98 [2] - South Korea's Kospi increased by 0.3% to 4,117.32, and Australia's S&P/ASX 200 jumped 1.1% to 8,795.70 [2] - Taiwan's Taiex advanced by 0.6%, while India's Sensex remained nearly unchanged [2] Economic Reports - Upcoming economic reports include the first estimate of U.S. GDP for Q3 and weekly jobless claims data, which are expected to provide insights into the U.S. economy [3][4] U.S. Market Performance - On Monday, the S&P 500 rose by 0.6%, the Dow Jones Industrial Average gained 0.5%, and the Nasdaq composite increased by 0.5% [5] - The Russell 2000 index outperformed other major indexes with a 1.2% gain, indicating strong performance among smaller companies [5] Technology Sector - Technology companies, particularly those focused on artificial intelligence, have been significant drivers of market fluctuations, with their performance likely influencing the overall market trend for December [6] - Uber and Lyft saw stock increases of 2.5% and 2.7%, respectively, following announcements of plans to introduce robotaxi services in London next year [6] Corporate Actions - Paramount Skydance's stock rose by 4.3% after enhancing its hostile takeover bid for Warner Bros. Discovery, supported by a substantial financial guarantee from Larry Ellison [7]

Market Overview - The S&P 500 rose 0.4%, remaining just below its all-time high set earlier this month, while the Dow Jones Industrial Average increased by 170 points, or 0.4%, and the Nasdaq composite also gained 0.4% [4][6] - Market sentiment was bolstered by strength in commodities, with gold and silver reaching record highs and oil prices rising after US authorities pursued another sanctioned oil tanker in the Caribbean [4][6] Corporate Developments - Shares of Uber and Lyft rose approximately 1.4% each following their announcements to launch robotaxi services in London next year through partnerships with Chinese technology company Baidu, with testing set to begin in the first half of 2026 [4][6] Economic Indicators - The US Labor Department is expected to release weekly data on jobless benefit applications, a key indicator of layoffs, on Wednesday [5][6] - Economic sentiment has weakened over the year due to persistent inflation, a cooling job market, and weaker retail sales, with businesses and households facing uncertainty from a US-led trade war [5][6] Federal Reserve Actions - The Federal Reserve has cut its benchmark interest rate in its last three meetings, despite inflation remaining above the 2% target, and is expected to keep rates unchanged at the January meeting [5][6] International Markets - European markets were mostly lower, with Germany's DAX flat and France's CAC 40 and Britain's FTSE 100 both down 0.4% [5][6] - Asian markets closed higher, led by Japan's Nikkei 225, which jumped 1.8% to 50,402.39, driven by gains in semiconductor stocks [5][6] Commodity Prices - US benchmark crude rose by $1.17 to $57.69 per barrel, while Brent crude increased by $1.23 to $61.70 per barrel [5][6] - Gold prices gained 1.3% to $4,443.10 per ounce, and silver surged over 2% to $68.90 per ounce, setting a new record [5][6]

Group 1: Uber Technologies, Inc. - Uber is projected to reach $200, and it is recommended to buy more shares at the current price [1] - Uber has launched Robotaxi services in partnership with WeRide on Al Reem and Al Maryah Islands in Abu Dhabi [1] Group 2: Micron Technology, Inc. - A recommendation to buy Micron shares is given, but there is a need for DRAM pricing to increase for better stock performance [2] - Micron has launched a high-density, radiation-tolerant SLC NAND chip, marking its entry into the space-qualified memory market [2] Group 3: KeyCorp - KeyCorp is viewed as being in expansion mode rather than sell mode [3] - Truist Securities has maintained a Hold rating on KeyCorp and raised the price target from $17 to $19 [3] Group 4: Price Action - Uber shares increased by 0.6% to close at $87.64 [5] - Micron shares rose by 2.5% to close at $114.74 [5] - KeyCorp shares fell by 1.3% to settle at $18.16 [5]

Core Insights - Pony.ai has received a permit for fully driverless commercial Robotaxi services in Shanghai's Pudong New Area, marking a significant milestone in the company's efforts to commercialize autonomous mobility in a major urban market in China [1][2] - The company is now the only one with fully driverless commercial Robotaxi service permits in all four tier-one cities in China: Beijing, Shanghai, Guangzhou, and Shenzhen [2] - The launch of services will begin in the Jinqiao and Huamu areas, which are strategically located near key financial and commercial hubs, providing substantial commercial opportunities [3] Company Overview - Pony.ai is a global leader in the commercialization of autonomous mobility, utilizing its vehicle-agnostic Virtual Driver technology to develop a sustainable business model for mass production and deployment of autonomous vehicles [4] - Founded in 2016, the company has expanded its operations across various regions, including China, Europe, East Asia, and the Middle East, ensuring broad accessibility to its advanced technology [4]

Group 1 - Nvidia CEO Jensen Huang predicts significant growth in autonomous vehicles (AVs) and robotics in the coming decade, emphasizing it as the "decade of AV, robotics, autonomous machines" [1] - Nvidia is a key player in the development of driverless vehicles, providing both hardware and software solutions for AVs [2] - The presence of self-driving cars is increasing in the U.S., with companies like Waymo operating robotaxi services in major cities [2] Group 2 - Chinese companies such as Baidu and Pony.ai are also actively deploying their own robotaxi fleets, indicating a competitive landscape in the AV sector [2]

Group 1: Company Performance and Comparisons - Rivian Automotive, Inc. (RIVN) is viewed more favorably than Lucid Group, Inc. (LCID), with Lucid reporting first-quarter revenue of $235.05 million, missing analyst estimates of $250 million [1] - Marvell Technology, Inc. (MRVL) is considered a good buy, especially after announcing a collaboration with Nvidia Corp (NVDA) to offer NVLink Fusion technology [2] - Pony AI Inc. (PONY) reported first-quarter sales growth of 11.6% year-over-year to $13.98 million, exceeding analyst consensus estimates of 90.11 million Chinese yuan [2] Group 2: Mergers and Acquisitions - Pan American Silver Corp. (PAAS) is recognized as the best silver mine, and it has announced a definitive deal to acquire MAG Silver Corp. (MAG) shares [3] Group 3: Earnings Guidance and Market Sentiment - Doximity, Inc. (DOCS) provided a fiscal first-quarter revenue guidance of $139 million to $140 million, below estimates of $143.34 million, leading to a negative outlook [3] - Micron Technology, Inc. (MU) is perceived as having a "toppy" market position, with analysts expecting quarterly earnings of $1.59 per share on revenue of $8.83 billion [4] Group 4: Stock Price Movements - Lucid shares fell 6.4% to $2.77, Marvell shares declined 2.1% to $60.11, Pony.ai shares dropped 3.3% to $17.29, Doximity shares decreased 4.3% to $50.75, and Micron shares slipped 2.3% to $95.84 [7] - Pan American Silver shares rose 1.3% to $24.10 [7]

Core Insights - Pony AI's U.S.-listed equity saw a significant increase of nearly 6% following the release of its quarterly results, outperforming the S&P 500 index which declined by 0.4% [1] Financial Performance - In the first quarter, Pony AI reported revenue of just under $14 million, marking an increase of nearly 12% from slightly over $12.5 million in the same period of 2024 [2] - The adjusted net loss for the quarter deepened to almost $34 million, compared to a loss of $25.4 million in the previous year, but the net loss per American depositary receipt (ADR) narrowed to $0.10 from $0.28 due to a higher ADR count [2][4] Revenue Breakdown - The revenue growth was driven by a 3% increase in robotruck services and licensing, which constitutes nearly 90% of the company's total revenue [4] - Robotaxi services experienced significant growth, nearly tripling to over $1.7 million, albeit from a low base [4] Future Outlook - Pony AI aims to expand its fleet to 1,000 vehicles by year-end, supported by advancements in its seventh-generation autonomous driving system, which reduces bill-of-materials costs by 70% compared to its predecessor [5] - The company's rapid expansion and the supportive stance of the Chinese government towards next-generation transportation solutions suggest that these ambitious goals are achievable [5]