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Why Pony AI Stock Galloped Today

TheMotleyFool

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Why Pony AI Stock Galloped TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of Pony AI (NASDAQ: PONY), which aims to use artificial intelligence to direct driverless vehicles for robotaxi services in China and elsewhere, soared as much as 12% in early trading Monday before retreating a bit in the afternoon -- all on no obvious news.

As of 12:10 p.m. ET, Pony AI stock is still up a solid 10%.

Image source: Getty Images.

Source Fool.com

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