Why Pony AI Inc. (PONY) Went Up On Thursday

We recently published a list of 10 Unexpected Market Movers—What Propelled Double-Digit Gains? In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other Thursday’s top-performing stocks.

The stock market extended its winning streak on Thursday as investors cheered President Donald Trump’s trade deal framework between the United States and the United Kingdom.

Among Wall Street’s major indices, the tech-heavy Nasdaq rallied the most, up 1.07 percent, followed by the Dow Jones, up 0.62 percent, and the S&P 500, gaining 0.58 percent.

According to Trump, the Oval Office outlined a trade deal framework. While a 10-percent baseline tariff will remain for imported goods from the UK, it could be the low end of deals with future countries.

“The final details are being written up,” Trump said. “In the coming weeks, we’ll have it all very conclusive.”

Beyond the major indices, 10 firms stood out, booking double-digit gains amid a flurry of fresh developments such as optimistic revenue guidance and impressive earnings performance, among others. In this article, let us explore Thursday’s 10 top-performing stocks and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

Pony AI Inc. (NASDAQ:PONY)

Pony AI extended its winning streak for a third straight day on Thursday, jumping by another 13.83 percent to close at $16.96, as investors continued to load up shares on optimism over its recent partnership with Uber Technologies Inc. (NYSE:UBER).

Earlier this week, Pony AI Inc. (NASDAQ:PONY) and Uber announced joined forces to offer robotaxis in a key market in the Middle East later this year.

The announcement especially came as a boost to Pony AI Inc. (NASDAQ:PONY) as it would start to leverage Uber’s wide customer base globally.

During the initial pilot phase, the robotaxis will have safety operators onboard until the fully autonomous commercial launch.

The two companies also aim to expand their partnership into other international markets.

“At Pony.ai, our vision is to develop autonomous driving technology that is not only safe and reliable but also scalable, transforming daily transportation,” said Pony AI Inc. (NASDAQ:PONY) CEO James Peng.

Overall, PONY ranks 10th on our list of Thursday’s top-performing stocks. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PONY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.