Shares of autonomous driving company Pony AI Inc (NASDAQ:PONY) are surging this week, driven by reports of a potential takeover deal involving Uber Technologies Inc (NYSE:UBER) and its co-founder, Travis Kalanick. The preliminary talks would reportedly result in Kalanick running Pony AI, though financial details and Uber’s ultimate role remain unclear.
What Else: This news compounded an already positive week for the company. On Monday, Pony AI was added to the Nasdaq Golden Dragon China Index, a key benchmark for U.S.-listed Chinese firms. The inclusion, which makes Pony AI the only pure-play autonomous vehicle company on the index, sent shares soaring nearly 17% on Monday.
