Shares of Pony AI Inc (NASDAQ:PONY), the Chinese autonomous vehicle technology company, soared 5.03% in intraday trading on Thursday, continuing its impressive rally. The stock has skyrocketed 315% over the past month, driven by a series of positive catalysts that have fueled investor enthusiasm.

The recent surge comes on the heels of Pony AI's first-quarter earnings call, where the company confirmed its partnership with Uber Technologies Inc (NYSE:UBER). This collaboration aims to bring Pony's robotaxi platform to international markets, starting with a key Middle Eastern market later this year. CEO James Peng highlighted the company's rapid global expansion, including securing a Level 4 robotaxi testing permit in Luxembourg and initiating road testing in Seoul's Gangnam District.

Pony AI's financial performance has also impressed investors. The company reported an 11% year-over-year increase in revenue to $14 million, with robotaxi revenues surging 200% to $1.7 million. Losses narrowed to $0.10 per share, compared to $0.28 in the prior year quarter. The company's resilience to tariffs and supply chain disruptions, thanks to its localized strategy, has further bolstered investor confidence. Goldman Sachs analysts remain positive on Pony AI, raising their target price to $26.00 from $23.10, citing the company's increasing scale in robotaxis and potential for more stable performance in coming quarters.