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We recently published a list of These 10 Firms Were Battered by Dismal Earnings, Outlook Guidance. In this article, we are going to take a look at where Archer Aviation Inc. (NYSE:ACHR) stands against other worst-performing stocks on Wednesday.
A lackluster trading persisted on the stock market anew on Wednesday, with the three major indices finishing mixed, as investors digested news of the US economy’s contraction in the first quarter of the year, triggering fears of recession.
Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent.
Ten companies also mirrored the wider market downturn, predominantly due to dismal earnings performance and tempered growth outlook for the remainder of the year.
In this article, we have named 10 of the worst-performing stocks on Wednesday and detailed the reasons behind their drop.
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 dropped its share prices by 7.34 percent on Wednesday to finish at $8.33 apiece as investors continued to trade sideways amid the lack of fresh catalysts to spark buying interest, while repositioning portfolios ahead of its earnings release.
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 6th on our list of worst-performing stocks on Wednesday. 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.