Looking at the stock charts of Joby Aviation (JOBY -6.05%) and Archer Aviation (ACHR -8.12%), you might think electric vertical takeoff and landing (eVTOL) vehicles are the next big thing.
Cathie Wood, the woman behind the scenes over at Ark Invest, is still taking a proactive approach to play what she believes will be the next big wave of disruptive tech innovation.
Are you willing to accept above-average risk for a shot at an above-average reward? Maybe you're even hoping to turn a modest amount of money into a seven-figure stash in a relatively short period of time.
Archer Aviation (ACHR 0.81%) stock saw strong gains over last week's trading. The company's share price closed out the stretch up 13% from the previous week's market close, according to data from S&P Global Market Intelligence.
Archer Aviation (ACHR 0.81%) is a U.S.-based designer and manufacturer of electric vertical takeoff and landing (eVTOL) aircraft. The company's Midnight vehicles stand out as an entry in the flying taxi space, and have recently been attracting attention from tech enthusiasts and investors alike.
Several developers of electric vertical take-off and landing (eVTOL) aircraft went public by merging with special purpose acquisition companies (SPACs) in 2021. At the time, many investors were dazzled by these companies' partnerships and rosy long-term expectations, even though they hadn't delivered any commercial aircraft yet.
Investing in early-stage companies can be risky, especially when they don't even generate revenue. But sometimes, a high-risk stock can reward investors who time things right.
According to third-party estimates, the average driver in the United States spends 54 hours a year stuck in traffic. Multiplied by 243 million total drivers, that is 13 billion cumulative hours spent in traffic every year in the United States.
Cathie Wood's exchange-traded funds have not done well over time. The flagship ARK Innovation Fund (ARKK) has continued to underperform the broad market in the past few years as some of its prominent stocks crashed.
The market is coming off two superb years, 2023 and 2024, when the S&P 500 climbed over 53% in total, mainly thanks to tech and artificial intelligence (AI) stocks. While 2025 has started off with some turbulence, many strategists still think the market will once again move higher this year and that the tech and AI rally still has legs.
Investors interested in aerospace stocks can buy Archer Aviation, considering its low debt and solid share price performance.
In the closing of the recent trading day, Archer Aviation Inc. (ACHR) stood at $8.22, denoting a -0.12% change from the preceding trading day.