George Soros, renowned for his successful investment track record and for famously breaking the Bank of England in 1992, has made a significant move into the autonomous vehicle sector. In Q2, Soros Fund Management (SFM) purchased 226,755 shares of Pony AI (Nasdaq: PONY) at an average buy price of $11.01 (£8.33) per share, according to a 13F-HR filing with the US Securities and Exchange Commission.
This $2.4 million (£1.8 million) investment has already yielded more than 100% gains, with Pony AI's stock soaring past $22.45 (£16.98) during after-hours trading on Tuesday. Currently, the hedge fund owns more than 28 million shares valued at over $63 million (£47.6 million).
