AI continues to dominate the narrative in tech and trading circles. But not all AI stocks are created equal. Some are delivering real execution. Others are still in the early innings — unprofitable, unproven, and heavily speculative.
Two names currently getting attention in the small-cap and momentum trading spaces are CoreWeave (NASDAQ: CRWV) and Pony.ai (NASDAQ: PONY). Both are tied into high-growth AI narratives. But both also demand extreme discipline from traders — not investors — looking for intraday or short-term swing setups.
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Here’s what’s working, what’s not, and what to watch.
CoreWeave (NASDAQ: CRWV): High Momentum, High Expectations
Sector: AI Cloud Infrastructure
YTD Change: +335.75%*
Market Cap: $83.6B
IPO: March 2025
CoreWeave has been one of the fastest-moving names in the post-IPO AI space. After debuting at $40 in late March, CRWV has exploded to a recent high of $183.98 — a move of over 360%* in under three months.
That move has been driven by some legitimately strong catalysts:
- Core supplier to OpenAI under a $11.9 billion contract
- New agreement with Google Cloud to support OpenAI workloads
- Strong Q1 earnings: $981.6 million in revenue (up 420% YoY)
- Nvidia increased its stake to 7%
But here’s the flip side: this is a high-burn, capital-intensive business. CoreWeave guided to $20–$23 billion in CapEx for the full year, and its net loss widened significantly last quarter. The company is still heavily reliant on a few major customers — Microsoft alone accounted for 62% of 2024 revenue.
Technically, the chart remains strong. Since late April, it’s been a series of higher highs and higher lows. But CRWV is now extended well above its prior base, and the risk/reward at these levels is shrinking unless it offers a clean consolidation or pullback.
Key levels:
- Resistance: $185 (recent high)
- Support: $165–$170 (prior breakout zone)
Bottom line: CRWV is a trader’s stock, not an investor’s stock at this stage. Momentum is strong, but it’s priced for perfection. Use risk management and avoid chasing.
Pony.ai (NASDAQ: PONY): A Volatile Robotaxi Bet
Sector: Autonomous Driving / Robotaxis
YTD Change: -12.71%
Market Cap: $4.7B
IPO: November 2024
Pony.ai comes with big ambitions. It wants to scale Level 4 autonomous vehicles in both China and the U.S., and it’s one of the few AV companies to openly challenge Tesla’s readiness in this space.
Recent headlines have helped bring this stock back into focus:
- 13% bounce this week off lows
- Partnership with Uber to deploy robotaxis in the Middle East
- Plans to scale to 1,000 vehicles by year-end
- Government support and local partnerships in Shenzhen and Guangzhou
But the numbers tell another story. Pony posted just $13.98 million in Q1 revenue and remains deep in the red. The stock is also down nearly 13% YTD and has traded as low as $4.11. It hit $23.88 in February — now it’s hovering around $13 with no clear trend.
Technically, the stock is bouncing from oversold levels but remains volatile. There’s no long-term base here — just speculative spikes and steep drops. If you’re trading this name, you need to treat it like a low-float momentum setup: small size, fast hands, tight stops.
Key levels:
- Resistance: $14.50–$15
- Support: $11.50–$12 (recent bounce zone)
Bottom line: PONY has potential catalysts, but it’s not a fundamentally stable business yet. Ride momentum if it’s there — but don’t overstay. Treat this like the speculative small-cap it is.
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* Past performance doesn’t indicate future results
Final Takeaway
CoreWeave and Pony.ai are both active AI sector names — but they are not investments at this stage. These are short-term trade opportunities tied to news flow, volume surges, and sector momentum.
If you’re going to trade them, do it with a clear plan. Don’t get seduced by the AI label. Let the chart tell you when to act — and when to stay out.
There’s a lot of noise out there. Stick with setups. Use risk management. Trade the plan — not the hype.