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We recently published a list of These 10 Stocks Were Sold Down Today, And Here’s Why. In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other stocks that were sold down today.
Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms’ own developments affecting their businesses.
The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent.
In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
Pony AI Inc. (NASDAQ:PONY)
Pony AI dropped its share prices by 8.25 percent on Monday to close at $16.91 apiece as investors repositioned portfolios ahead of the release of its first quarter earnings performance.
In a statement, Pony AI Inc. (NASDAQ:PONY) said that it will report its earnings results before the US market opens on Tuesday, May 20.
In recent news, one of the company’s robotaxis caught fire during a routine road test following a system malfunction. The news sparked investor concerns about the safety of autonomous driving technologies.
The robotaxi reportedly left the roadway and was later captured blazing.
According to Pony AI Inc. (NASDAQ:PONY), the fire detected an “abnormal status” during operation and immediately triggered its safety protection mechanism, leading the vehicle to a full stop.
Meanwhile, the company officially filed its intention to list publicly on the Hong Kong Stock Exchange, as Chinese firms seek to find a backup plan over fears that the trade war between the US and China could force their delisting from US stock exchanges.
Overall, PONY ranks 3rd on our list of stocks that were sold down today. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PONY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.