Archer Aviation Skyrocketed Today. Is the Stock a Buy Right Now?
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Archer Aviation's stock surged 10.8% amid positive market momentum, despite no specific company news. The rise is attributed to Joby Aviation's production expansion and expectations of Federal Reserve interest rate cuts. With a market cap of $7.4 billion and a high valuation of 581 times expected revenue, Archer is considered a high-risk, high-reward investment. While growth opportunities exist in the commercial air-taxi and defense sectors, potential volatility remains a concern for risk-averse investors.
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