24H|Pony AI Soared 13%; ServiceNow Up 10%; Texas Instruments Up 5%; Tempus AI Up 3%; IBM Down 7%

Tiger Newspress
2025/04/24

Shares of Pony AI were kept jumping 13% in overnight trading after surging 30% on Wednesday.

Pony AI (PONY) said Wednesday that it has unveiled its seventh-generation autonomous driving system, which it developed in collaboration with Toyota (TM), Beijing Automotive Group, and GAC.

The company said its most recent autonomous driving system is based on a 100% automotive-grade autonomous driving kit with an extended product lifecycle. It also said it had reduced bill-of-materials costs by 70% compared to its predecessor.

ServiceNow NOW.N beat Wall Street estimates for first-quarter profit on Wednesday, helped by resilient demand for its artificial intelligence-powered software for managing IT services, sending the company's shares up 10% in overnight trading.

Texas Instruments TXN.O forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on robust demand for its analog chips even as the threat of U.S. tariffs has stoked uncertainty across the semiconductor industry.

The outlook, the first from a major U.S. chipmaker this earnings season, sent TI shares up 5% in overnight trading. The stock had fallen over 17% so far this year, weighed down by macroeconomic jitters and trade tensions.

Tempus AI shares gained 3% in overnight trading after soaring 14% on Wednesday, as the company said it has entered into multi-year strategic collaborations with AstraZeneca and Pathos AI.

International Business Machines said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down over 7% in overnight trading.

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