Shares of artificial intelligence stock, Pony.AI (PONY) have been explosive.

In fact, since bottoming out at around $4, it’s now up to $14.32, where we still like the stock. Helping, the company is partnering with Uber Technologies to deploy its technology in Middle East autonomous robotaxis. It also announced it will roll out to additional global autonomous robotaxi markets in the future. 

PONY also operates in select Chinese cities, and is exploring markets in South Korea, Luxembourg and Hong Kong.  Plus, it announced another partnership with Chinese tech firm, Tencent, which helped boost the PONY stock even more. 

That Tencent deal, which will include cloud services, map data, information security and intelligent cockpit ecosystems, will see Pony.ai’s robotaxi ride-hailing services integrated into Tencent’s WeChat app as well as other applications like Tencent Maps.From its current price of $14.32, we’d like to see the PONY stock race back to $23.88 initially.

Sincerely.

Ian Cooper

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