Pony AI stock slides nearly 10% in New York trade as rate bets reset after CPI
Pony AI shares fell 9.8% to $15.66 in afternoon trading Tuesday after U.S. December CPI data tempered rate-cut hopes. The drop outpaced broader indexes, with the S&P 500 ETF down 0.4%. Investors remain focused on the company’s robotaxi expansion and the upcoming Federal Reserve meeting on Jan. 27-28. No immediate comment came from Pony AI.