Pony AI Shares Continue Their Steep Descent

The autonomous mobility company Pony AI is witnessing a relentless sell-off in its shares, which fell nearly 6% in the latest session to close at $12.22. For ten consecutive trading days, the stock’s trajectory has been singular: a sharp and sustained decline.

The upcoming quarterly report, scheduled for November 25, is now the focal point for the embattled stock. The Q3 results are anticipated to be a decisive factor, potentially determining the next directional move. While the fundamental business data will be under intense scrutiny, the current technical outlook remains decidedly negative.

This persistent downturn is happening despite significant corporate achievements. In a landmark decision, Pony AI became the first Read more...