Pony AI (PONY) Climbs 7% as Macquarie Issues ‘Outperform’ Rating

Pony AI bounced backmost connected Tuesday from 2 consecutive days of losses, jumping 7.28 percent to decorativeness astatine $14.59 apiece, arsenic investors took bosom from Macquarie’s bullish standing for the company, bolstered by its enlargement plans.

In a marketplace report, Macquarie issued an “outperform” standing connected its archetypal sum of Pony AI Inc. (NASDAQ:PONY) connected the backmost of its enactment successful China’s robotaxi sector.

Additionally, the concern steadfast said that it expects Pony AI Inc.’s (NASDAQ:PONY) fleet to triple adjacent twelvemonth and payment done much profitable operations from a projected 20 percent diminution successful hardware costs.

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Last week, Pony AI Inc. (NASDAQ:PONY) announced that it would embark connected an “asset-light” strategy and newer generations of low-cost driverless cars to thrust maturation successful a bid to interruption adjacent by 2030.

Under the asset-light model, the robotaxi relation would articulation forces with third-party companies specified arsenic taxi operators and ride-hailing platforms to concern the deployment of its robotaxi fleet.

This means that alternatively of owning and operating the fleet, Pony AI Inc. (NASDAQ:PONY) would merchantability its driverless cars to operators and licence its autonomous driving exertion and fleet absorption expertise for a fee.

While we admit the imaginable of PONY arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.