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Pony AI Stock Surges on Analyst Optimism for Autonomous Driving Sector
Pony AI Stock Surges on Analyst Optimism for Autonomous Driving Sector
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BTCCSquare news:
Pony AI shares galloped 14.6% this week after UBS analyst Paul Gong initiated coverage with a buy rating and a $20 price target, citing the company's pole position in China's robotaxi market. The stock gained 7.8% on Monday alone as Gong projected 96% annual revenue growth through 2030.
As the only operator running commercial driverless services in all four Chinese tier-one cities, Pony AI exemplifies the AI sector's momentum. While the article focuses on equities, the underlying blockchain infrastructure enabling autonomous systems—from IoT data validation to micropayment rails—suggests crossover potential for crypto projects in machine-to-machine economies.
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