We recently published an article titled These 10 Stocks Moved the Market This Week, Here’s Why. In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other stocks that moved the market this week.

The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China’s high-stakes negotiations on trade policies that have for months dented global economies.

On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent.

Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week’s trading.

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

The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2.Why Pony AI Inc. (PONY) Skyrocketed This Week

A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution.

Pony AI Inc. (NASDAQ:PONY)

Pony AI Inc. (NASDAQ:PONY) skyrocketed by 72.4 percent week-on-week to end at $17.93 on Friday versus the $10.40 a week earlier as investors gobbled up shares in the company after clinching a deal with ride-hailing giant Uber Technologies Inc. (NYSE:UBER) to expand its autonomous driving cars globally.

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

The announcement came as a boost to Pony AI Inc. (NASDAQ:PONY), a ride-hailing giant based in China, as it would leverage Uber’s wide customer base globally.

During the initial phase, the robotaxis will remain supervised by 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 1st on our list of stocks that moved the market this week. 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.

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

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