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We recently published an article titled Why These 10 Stocks Soared Today. In this article, we are going to take a look at where Archer Aviation Inc. (NYSE:ACHR) stands against the other stocks that soared on Tuesday.
The stock market finished Tuesday’s trading on a positive note with all major indices ending in the green, buoyed by the influx of corporate earnings results.
The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent.
Ten companies mirrored the broader market optimism, leading the charge with strong gains, predominantly driven by impressive earnings results.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A technician assembling an electric aircraft, highlighting the company's manufacturing capabilities.
Archer Aviation Inc. (NYSE:ACHR)
Archer Aviation Inc. (NYSE:ACHR) grew its share prices by 5.39 percent on Tuesday to finish at $8.99 apiece as investors snapped up shares ahead of the release of its first quarter earnings performance, supported by the progress in its air taxis launch in Abu Dhabi.
According to the company, it is scheduled to release its earnings results after market close on Monday, May 12, 2025.
In recent news, the UAE General Civil Aviation Authority approved the design of the first hybrid heliport to be located at the Abu Dhabi Cruise Terminal at Zayed Port, a leading hub for the regional cruise industry that welcomes more than 650,000 visitors annually. The approval paved the way for the looming takeoff of Archer Aviation Inc.’s (NYSE:ACHR) commercial air taxis.
The new heliport was designed in partnership with ACHR, AD Ports Group, and Falcon Aviation Services, and will accommodate both traditional helicopters and electric vertical take-off and landing (eVTOL) aircraft.
Overall ACHR ranks 8th on our list of the stocks that soared on Tuesday. While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ACHR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.