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]

The S&P 500 rose 0.4% in early trade, hovering just below the all-time high it set earlier this month. The Dow Jones Industrial Average was up 170 points, or 0.4%, while the Nasdaq composite also gained 0.4%, according to AP.Market sentiment was supported by strength in commodities, with gold and silver touching record highs and oil prices jumping after US authorities said the Coast Guard was pursuing another sanctioned oil tanker in the Caribbean.Before the opening bell, futures for the S&P 500 were up 0.4 ...

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]

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Pony AI Inc. and its officers or directors [1] Company Overview - Pony AI Inc. conducted its U.S. initial public offering (IPO) on November 27, 2024, offering 20 million American Depositary Shares (ADSs) at a price of $13.00 per share [3] Financial Performance - On March 25, 2025, Pony announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024, revealing a 29.8% year-over-year decline in sales and a 61.9% year-over-year decline in Robotaxi services revenue [3] - Following the announcement of these results, Pony's ADS price dropped by $1.07, or 8.1%, closing at $12.14 per ADS on the same day [4]

Core Insights - Harley-Davidson, Inc. reported first-quarter 2025 adjusted earnings of $1.07 per share, exceeding the Zacks Consensus Estimate of 80 cents, but down from $1.72 per share in the same quarter last year [1] - Consolidated revenues for the quarter were $1.33 billion, a decline of 23% year-over-year [1] Segmental Highlights - Revenues from the Motorcycle and Related Products segment fell 27% year-over-year to $1.08 billion, missing the forecast of $1.17 billion due to lower motorcycle shipments [2] - Worldwide motorcycle shipments decreased by 33% to 38,600 units, below the estimate of 43,571 units [2] - Revenues from motorcycle sales were $864 million, down 29% year-over-year, with operating income plunging 51% to $116 million, falling short of the estimate of $165.2 million [2] Retail Performance - Harley-Davidson retailed 31,000 motorcycle units globally, a decline of 21% year-over-year, and below expectations of 38,000 units [3] - Retail motorcycle sales in North America decreased by 24% to 20,900 units, while sales in EMEA declined by 2%, and Asia Pacific and Latin America saw declines of 28% and 6%, respectively [3] Parts and Accessories - Revenues from parts and accessories fell 14% year-over-year to $143 million, missing the estimate of $162.2 million [4] - Revenues from apparel decreased by 11% year-over-year to $57 million, also falling short of the forecast of $63 million [4] Financial Services - Revenues for Harley-Davidson Financial Services totaled $245 million, a decline of 2% year-over-year, missing the forecast of $273 million [5] - Operating income increased by 19% to $64 million, surpassing the estimate of $51.4 million due to lower provisions for credit losses and reduced operating expenses [5] LiveWire Performance - Total shipments for LiveWire were 33 units, a decline of 72% from the previous year, with revenues down 42% to $3 million, missing the estimate of $6.5 million [6] - Operating loss narrowed from $29 million to $20 million, which was better than the projected loss of $29.7 million [6] Financial Position - As of March 31, 2025, Harley-Davidson had cash and cash equivalents of $1.93 billion, up from $1.59 billion at the end of 2024 [7] - Long-term debt increased to $4.96 billion from $4.46 billion as of December 31, 2024 [7] - The company withdrew its 2025 guidance amid macroeconomic uncertainties and tariff issues [7]

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Pony AI Inc. and its officers or directors [1] Group 1: Company Overview - Pony AI Inc. conducted its U.S. initial public offering (IPO) on November 27, 2024, offering 20 million American Depositary Shares (ADSs) at a price of $13.00 per share [3] - The company reported a significant decline in financial performance, with a 29.8% year-over-year decrease in sales and a 61.9% year-over-year decline in Robotaxi services revenue for the year ended December 31, 2024 [3] Group 2: Market Reaction - Following the announcement of its financial results, Pony's ADS price dropped by $1.07, or 8.1%, closing at $12.14 per ADS on March 25, 2025 [4]