Pony AI, WeRide surge on Tuesday: Why are self-driving stocks rising?

Chinese self-driving stocks, Pony AI Inc (NASDAQ: PONY) and WeRide Inc (NASDAQ: WRD), are flying high on Tuesday and they have the San Francisco-based Uber Technologies Inc (NYSE: UBER) to thank. The ride-hailing giant announced a strategic partnership with PONY this morning, only hours after it expanded its collaboration with WRD as well, demonstrating sheer commitment to strengthening its hold on the global robotaxi market. Also today, UBER...