HUPONAI@EC2702A

$Pony AI(PONY.US) | 𝐌𝐚𝐜𝐪𝐮𝐚𝐫𝐢𝐞 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐬 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐏𝐎𝐍𝐘, 𝐜𝐮𝐭𝐬 𝐏𝐓 𝐭𝐨 $𝟐𝟒.𝟎𝟎

$Pony AI(PONY.US) | Pony AI Inc., Q1-2026 Earning Report

From my pre-mkt summary for Subscribers this morning: $Tesla(TSLA.US) +1.1% again this morning to $416 after rising +5.7% the past two days after showing significant year-over-year gains in April in China and several European countries, as global oil prices have surged.

There’s no question in my mind that unsupervised autonomy will become the dominant ride-hailing form within a few years. Ride hailing platforms with drivers will likely become extinct within 5 years. By extension, autonomous driving will become one of the most popular add-on options when buying or leasing new vehicles. Where I have always disagreed with bulls is about the level of competitive intensity in unsupervised autonomy. Unsupervised autonomy will become table stakes to survive; those that can’t master it will not stay in business. But to think $Tesla(TSLA.US) will be the only one to master and scale unsupervised autonomy when $Alphabet - C(GOOG.US) $Baidu(BIDU.US) $Pony AI(PONY.US) $WeRide(WRD.US) and $Amazon(AMZN.US) are already completing 1.0M paid unsupervised autonomous trips per week without safety monitors is borderline head-in-the-sand delusional.

Highlights from today’s pre-mkt summary for Subscribers: Stocks extended yesterday’s big gains after President Trump signaled the US-Iran conflict could end in 2-3 weeks, noting America had largely met its military goals and would leave the job of opening the Strait of Hormuz to other nations. Brent crude extended yesterday’s decline to $102/bbl. 10yr yields fell to 4.27% in front of today’s ADP March private payrolls (+40K est). Gold rose, silver fell, and BTC inched higher. $Tesla(TSLA.US) rose in front of tomorrow’s 1Q deliveries (consensus 366K, my est 377K +12% YoY reflecting higher energy prices and an easy compare vs last year’s Model Y Juniper transition). We expect equities to hit new highs once the Iran conflict ends, oil retreats, and slowing jobs accelerate Fed rate cuts. 2026 S&P earnings estimates rose to $323 (+17% YoY vs 2025’s $276) on higher profits for AI data centers and energy, implying 20.2x P/E (4.9% yield, +60bp premium to 10yr TY, within historical norms). We remain cautious on $Tesla(TSLA.US) due to declining 2026-30 estimates and rising unsupervised autonomy competition from $Alphabet - C(GOOG.US)/ $Baidu(BIDU.US)/ $WeRide(WRD.US)/ $Pony AI(PONY.US)/ $Amazon(AMZN.US) (900K paid rides/week) plus NVDA’s open AI stack in 2026; no position (2026 P/E ~185x, 5x PEG).

It’s good that the sustainable fuel tax is delayed amid this oil crisis. Hope the war will end by Oct.

Iran rejects US ceasefire plan — triggering increased oil volatility and exacerbating US dollar exchange rate fluctuations. Investment should still focus on hedging.

I believe US and IRAN are talking, it's just question of will they iron out their differences. Both have nothing to gain as the war continues...

The google report on memory stocks is classic Jevons paradox. Market perceives it as less memory needed= less demand. But the efficiency gains may actually expand AI use cases and total compute demand. Total demand might actually increase! Technically, if the recent lows hold, which they are despite the pull back, it can still be counted as the second wave of the fifth wave. So I am expecting a bounce pretty soon and a rally to new highs once smart money has collected enough.

Oil spikes on geopolitics tend to overshoot, and with fuel uncertainty still high, this is a pure volatility trade

AI demand is still compounding history shows innovation expands usage,not kills it

SpaceX IPO will likely ride strong FOMO from both retail and institutions, but aggressive valuation and heavy capex mean discipline matters more than hype

Volatility trade,keep tight stop loss

SpaceX IPO definitely exciting. I’ve been following this company since many years ago, and finally Elon decided to take it public. It has shown its effect on all aerospace-related stocks.

SpaceX IPO at $75B+ valuation would be largest in years. But space infrastructure monetization still early stage

It is hard to see a clear end to the US,Israel and Iran tensions right now. Energy prices will stay high for sometimes and the economic impact could be tough.

Honestly feeling quite pessimistic. 2026 looks like a challenging year ahead.

Happy trading and keep more cash to buy more when there is a correction. Do not chase and buy now.😁

I’m surprised gold and silver recovered so quickly.

Bitcoin seems to be a laggard when encounter uncertainty

The narrative for precious metals still intact. global political uncertainty and debasement trades.

Traditional hedges like gold and silver prove resilient against policy-driven tech and crypto sell-offs, highlighting a flight to safety.