Latest news with #CulperResearch
Entrepreneur
3 days ago
- Business
- Entrepreneur
Archer Aviation Stock Steadies After Short-Seller Report
Archer Aviation's stock shows resilience after a short-seller report, as investors shift to the upcoming milestones and flight demonstrations for validation. This story originally appeared on MarketBeat [content-module:CompanyOverview|NYSE:ACHR] Archer Aviation (NYSE: ACHR) recently found itself in the spotlight after a critical report from short-seller Culper Research on May 20th caused its stock to dip. However, in the days since, Archer's shares have shown signs of stabilizing. At midday on May 29, 2025, the stock price was approximately $10.66. Acher Aviation's stock activity, since the report suggests the market might be looking past the initial shock. Now, investor attention is sharply focused on Archer's upcoming operational milestones. Can the company deliver the flight demonstrations needed to fully counter the short-seller's claims and propel the stock forward? How Did Archer Stock Respond to Short Seller Claims? Culper Research's report on May 20 didn't pull any punches. It accused Archer Aviation of misleading investors about its progress. Key allegations included questions about testing timelines for its Midnight eVTOL aircraft and the validity of a key flight milestone in June 2024. Archer quickly responded, calling the claims "baseless" and questioning Culper's credibility as a research firm. What happened to the stock? Initial Drop: Archer's stock price fell sharply right after the report, by as much as 12-14% during trading on May 20 and 21. Archer's stock price fell sharply right after the report, by as much as 12-14% during trading on May 20 and 21. Finding a Floor: Over the following days, up to May 29, the stock price showed signs of stabilizing. It even saw some upward movement on May 27 and 28, closing at $10.93 and $10.95, respectively. Over the following days, up to May 29, the stock price showed signs of stabilizing. It even saw some upward movement on May 27 and 28, closing at $10.93 and $10.95, respectively. Market Interpretation: This stabilization might mean a couple of things. First, the market quickly priced in the short-seller's arguments. Second, without new, equally damaging information from Culper immediately following up, some investors may be taking a "wait and see" approach. They might be looking for Archer to prove its case through actions, not just words. Recent financial news has highlighted the ongoing dispute between the two organizations, presenting both perspectives. This media coverage has likely confused most investors, further stalling Archer's stock price progress as the market awaits a resolution. What Archer's Institutional Filings Reveal While daily stock prices can be volatile, looking at who owns a company can offer a different perspective. Reports from large institutional investors (like pension funds and investment firms) about their holdings at the end of the fourth quarter of 2024 continued to be filed with the Securities and Exchange Commission (SEC) during the past few weeks. These filings continue to show that many major institutions were increasing their investments in Archer before the short report surfaced. This kind of activity from large, sophisticated investors often suggests they've done their homework and believe in a company's long-term plans. This implies that they saw fundamental value in Archer leading into 2025. Archer's strong Q1 2025 financial results, reported on May 12, also provide a solid foundation. The company announced an earnings per share (EPS) that beat analyst expectations and confirmed its cash position exceeded $1 billion. This financial health is crucial for a company still developing its core product. Archer's Next Demonstrations Are Critical The most effective way for Archer to answer the short-seller's claims is through clear, verifiable progress. Investor attention is now firmly fixed on the company's ability to deliver on its stated operational targets. Key upcoming milestones include: UAE Deployment: Archer plans to deliver its first piloted Midnight aircraft to the United Arab Emirates this summer (2025). The goal is to start generating revenue there later in the year through its "Launch Edition" program with partners like Abu Dhabi Aviation. Archer plans to deliver its first piloted Midnight aircraft to the United Arab Emirates this summer (2025). The goal is to start generating revenue there later in the year through its "Launch Edition" program with partners like Abu Dhabi Aviation. Manufacturing Goals: The company aims to build up to ten Midnight aircraft at its Georgia facility in 2025. Hitting this target would demonstrate its ability to scale production. The company aims to build up to ten Midnight aircraft at its Georgia facility in 2025. Hitting this target would demonstrate its ability to scale production. FAA Certification: Continued progress towards getting full Type Certification from the Federal Aviation Administration for its Midnight aircraft in the U.S. (targeted for late 2025) remains a top priority. Continued progress towards getting full Type Certification from the Federal Aviation Administration for its Midnight aircraft in the U.S. (targeted for late 2025) remains a top priority. New Initiatives: Updates on the UK cargo eVTOL testing program with Anduril UK could also show operational capability in new areas. The successful execution of these milestones, particularly visible flight demonstrations leading to early commercial operations, would directly counter many of the short-seller's core allegations regarding aircraft readiness and testing progress. As the saying goes, actions speak louder than words. Holding Pattern or Launchpad? Archer's Next Moves Will Tell [content-module:Forecast|NYSE:ACHR] Archer Aviation's stock is in a period of consolidation after the initial impact of the Culper Research report. The market has heard the allegations and the company's defense. Now, it seems to be waiting for Archer to deliver concrete proof of its capabilities through upcoming operational validation. If Archer successfully executes its flight demonstrations, meets its UAE deployment timelines, and continues to progress with manufacturing and certification, the questions raised by the short report will likely become less significant for many investors. For those who believe in Archer's technology and the future of the eVTOL sector, this holding pattern could be an excellent period to accumulate shares before the company's next set of crucial operational catalysts. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
Globe and Mail
7 days ago
- Business
- Globe and Mail
Short Sellers Are Targeting Archer Aviation Stock. Should You Ditch ACHR Shares Now?
Founded in 2018, Archer Aviation (ACHR) is seeking to disrupt air travel with the development of electric vertical takeoff and landing (eVTOL) aircraft. Aiming to revolutionize urban air mobility, Archer's shares have soared by a sensational 217% in the past year, propelling its market cap to nearly $5.9 billion. However, the high-flying stock dove in late-May after Culper Research came out a new short report on the company. Alleging that Archer has 'systematically misled, deceived, or outright lied' to investors about almost all milestones related to the development and testing of its eVTOL aircraft, Midnight, the firm went on to further say Archer's continued promotion of near-term commercialization is 'not only premature, but reckless.' Dismissing the allegations as baseless, the company stated "Culper is not a credible research institution. Archer has attracted significant attention due to its recent momentum and positive high-profile news. [Founder Christian Lamarco's] claims are baseless.' So, what should investors do about ACHR stock now? A deeper look into the company's financials, strategies, and operational initiatives may help to make an informed choice. Losses Narrowed in Q1 Archer's results for the most recent quarter saw its losses narow dramatically to $0.17 per share from $0.36 per share in the year-ago period. Along with that, the pre-revenue company more than doubled its cash balance to just over a billion dollars at $1.03 billion. Meanwhile, although adjusted EBITDA losses widened to $109 million from $86.8 million in Q1 2024, the company revealed some encouraging developments in the quarter. The company forged a partnership with AI-led data analytics platform Palantir (PLTR) for the development of next-gen software utilizing AI to improve a range of aviation systems. Notably, Archer already has a presence in the defense sector through its earlier partnership with Anduril to build a hybrid aircraft platform in an expected multibillion dollar opportunity. Next, Archer announced the 'Launch Edition' program in February to accelerate the commercial deployment of Midnight while also securing two key customers in Abu Dhabi Aviation and Ethiopian Airlines. Finally, it also received a major boost after being named the official air taxi partner for the 2028 Olympics in Los Angeles. Potential to Be an Aviation Gamechanger Archer stands among the frontrunners in a fast-expanding industry poised for dramatic transformation. Industry projections suggest that by 2030, over 2,000 commercial eVTOL aircraft could be delivered, underlining a robust global compound annual growth rate of 54.9% between 2024 and 2030. To maintain its leadership position within this accelerating space, Archer continues to build strategic momentum. Most recently, the company unveiled plans to establish an urban air mobility network in New York City. In support of this initiative, Archer is collaborating with major aviation infrastructure providers, including Atlantic Aviation, Signature Aviation, and Skyports, as they adapt existing airport facilities for electric aircraft. The company also broadened its network by bringing Modern Aviation and Air Pegasus on board. In partnership with United Airlines (UAL), this project aims to create seamless 5- to 10-minute flight routes connecting key regional airports to central Manhattan and surrounding urban nodes. Progress on the technical front is also advancing. Archer is preparing to initiate piloted flight trials, a pivotal step in its development journey that could significantly reduce execution risk and move the company closer to commercial readiness. Additionally, Archer has already secured an order pipeline exceeding $6 billion, reflecting strong demand not only domestically, but also in international markets such as the Middle East and Africa —where it has an existing arrangement with Abu Dhabi Aviation. Further bolstering its operational readiness, Archer recently received FAA type certification for its Midnight aircraft. This regulatory milestone confirms that the aircraft meets key criteria related to airworthiness, emissions, noise, and safety, effectively positioning the company to begin fulfilling its substantial backlog. Analyst Opinions on ACHR Stock Analysts have given Archer stock a 'Moderate Buy' with a mean target price of $12.25, which indicates upside potential of about 17% from current levels. Out of nine analysts covering the stock, five have a 'Strong Buy' rating, two have a 'Moderate Buy' rating, and two have a 'Hold' rating.
Yahoo
24-05-2025
- Business
- Yahoo
Why I'm Not Selling Archer Aviation Stock
Archer Aviation was the target of a short-seller report this week. While the report raises some valid timeline concerns, it doesn't shake my confidence in the company's long-term trajectory. 10 stocks we like better than Archer Aviation › Archer Aviation (NYSE: ACHR) has been in the spotlight recently, and not just because its stock has soared over 200% in the past year. A scathing short-seller report from Culper Research accused the electric vertical takeoff and landing (eVTOL) aircraft company of systematically misleading investors about its development progress. The report alleges everything from timeline misrepresentations to questionable flight test claims. As someone who covers Archer Aviation regularly, I'll admit the report raises some legitimate concerns that deserve investor attention. But after reviewing the evidence and considering the broader context, I'm not selling my shares. Here's why. Let's start with the elephant in the room: Yes, Archer Aviation's publicly stated development timelines are likely highly optimistic. The company has repeatedly accelerated its commercial launch targets, most recently promising United Arab Emirates (UAE) operations by late 2025 despite originally targeting 2026. But here's the thing: This is incredibly common in the aviation industry, and doubly so for an entirely new form of flight like electric vertical takeoff and landing aircraft. Boeing's 787 Dreamliner was delayed by more than three years. Airbus's A380 faced similar setbacks. SpaceX has missed countless launch deadlines (though they eventually deliver). The Federal Aviation Administration's certification processes are notoriously unpredictable. When you're pioneering electric aircraft that take off like helicopters and fly like airplanes, delays should be expected -- not shocking. The real question isn't whether Archer Aviation hits every timeline. It's whether the company is making credible technical progress toward commercial viability. Culper Research's core argument is that Archer Aviation is purposely misleading shareholders. They've taken what could be called a "short sell with receipts" approach -- citing documented timeline discrepancies and selectively analyzed footage as evidence of deception. I'll give Culper credit: They did their homework. The inconsistencies between Archer Aviation's public statements and internal communications with the Salinas Fire Department are concerning and merit clarification. The photos showing Archer Aviation's Midnight aircraft in partial assembly in April 2025, shortly after claiming it was "fully assembled," deserve a direct response. Unfortunately, Archer Aviation's response so far has been defensive and dismissive. In its only public refutation of these claims as of this writing, the company stated: "Christian Lamarco has a reputation for 'shorting and distorting' various stocks. Culper is not a credible research institution... His claims are baseless." That's not good enough. Investors aren't looking for character attacks -- they're looking for specifics. A transparent response about development challenges and certification progress would go much further in restoring confidence. That said, Culper's leap from timeline slippage to deliberate fraud feels like a stretch. There's a meaningful difference between aggressive projections and systemic deceit. Most of what Culper surfaces reads like standard aerospace growing pains -- ambitious messaging on the front end; reality catching up on the back end. Much of the current controversy revolves around whether Archer Aviation can launch commercial operations in the UAE by late 2025. But here's a crucial point: The UAE launch is essentially irrelevant to the long-term thesis. The core opportunity is FAA certification for operations in the U.S. -- where the real demand, revenue potential, and infrastructure scale exist. A pilot program in Abu Dhabi may help build brand equity or validate operational procedures, but it won't meaningfully change Archer Aviation's long-term value. In fact, it's increasingly clear that the 2028 Los Angeles Olympics are shaping up to be the real commercial debut. If Archer Aviation can operate aircraft safely and reliably during the Games, that could serve as a massive proof of concept for urban air mobility. This is where Culper's short thesis starts to crack. If Archer Aviation's technology were truly broken or years behind, why are serious industry players lining up to back it? Palmer Luckey's Anduril Industries just signed an exclusive agreement with Archer Aviation to co-develop hybrid vertical aircraft for the Department of Defense. Luckey isn't known for backing unproven concepts. His defense start-up beat out Boeing, Lockheed Martin, and Northrop Grumman in the Air Force's autonomous systems program. Then there's Palantir Technologies, which signed on to integrate artificial intelligence (AI) into Archer Aviation's flight systems and manufacturing stack. CEO Alex Karp personally announced the partnership at Palantir's AIPCon event. United Airlines and Stellantis also re-upped their investments in Archer Aviation earlier this year, as part of a $430 million funding round. United brings operational expertise. Stellantis brings scale manufacturing and capital discipline. These companies don't enter long-term agreements lightly. If Archer Aviation's aircraft were fundamentally unworkable, these partnerships wouldn't exist. One point the short report largely ignores: Defense applications follow different timelines and certification pathways than commercial passenger transport. Archer Aviation already has a $142 million contract from the U.S. Air Force and is delivering aircraft for evaluation. These defense-grade aircraft don't need FAA certification for combat or logistics roles. That means Archer Aviation could begin generating real revenue from defense use cases while commercial approval is still pending. The Anduril partnership enhances this pathway. Military applications of electric vertical takeoff and landing technology could materialize faster than passenger mobility, giving Archer Aviation a second viable market. Let me be clear: Archer Aviation has always been a high-risk, long-duration investment. The recent share price surge doesn't change the fundamental truth that aviation is hard, slow, and unforgiving. Designing a new type of aircraft is hard. Certifying it is harder. Building out infrastructure and proving commercial viability? That's the ultimate challenge. But that's also why the opportunity exists. If Archer Aviation succeeds, it won't just sell a few aircraft -- it will redefine how people move across congested urban corridors. The market potential remains enormous. Culper's report is a useful reminder to stay grounded in execution realities. But it doesn't invalidate the broader thesis. Archer Aviation remains one of the best-positioned players in a field that could reshape the future of mobility. Yes, Archer Aviation faces real challenges. And yes, investors deserve a more substantive response to Culper's allegations. But the long-term reasons to own this stock are unchanged. Strategic partnerships with heavy hitters Anduril, Palantir, United Airlines, and Stellantis point to real traction. Defense contracts offer an alternative path to revenue while the FAA certification process plays out. And the 2028 Olympics are a credible commercial milestone. I didn't invest in Archer Aviation because I thought they'd hit every target on time. I invested because the upside of electric vertical flight is massive -- and because Archer Aviation is building serious partnerships to make it happen. That's why I'm holding my shares. Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 George Budwell has positions in Archer Aviation, Lockheed Martin, Northrop Grumman, and Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool recommends Lockheed Martin and Stellantis. The Motley Fool has a disclosure policy. Why I'm Not Selling Archer Aviation Stock was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Why I'm Not Selling Archer Aviation Stock
Archer Aviation (NYSE: ACHR) has been in the spotlight recently, and not just because its stock has soared over 200% in the past year. A scathing short-seller report from Culper Research accused the electric vertical takeoff and landing (eVTOL) aircraft company of systematically misleading investors about its development progress. The report alleges everything from timeline misrepresentations to questionable flight test claims. As someone who covers Archer Aviation regularly, I'll admit the report raises some legitimate concerns that deserve investor attention. But after reviewing the evidence and considering the broader context, I'm not selling my shares. Here's why. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Aviation timelines are notoriously optimistic Let's start with the elephant in the room: Yes, Archer Aviation's publicly stated development timelines are likely highly optimistic. The company has repeatedly accelerated its commercial launch targets, most recently promising United Arab Emirates (UAE) operations by late 2025 despite originally targeting 2026. But here's the thing: This is incredibly common in the aviation industry, and doubly so for an entirely new form of flight like electric vertical takeoff and landing aircraft. Boeing's 787 Dreamliner was delayed by more than three years. Airbus's A380 faced similar setbacks. SpaceX has missed countless launch deadlines (though they eventually deliver). The Federal Aviation Administration's certification processes are notoriously unpredictable. When you're pioneering electric aircraft that take off like helicopters and fly like airplanes, delays should be expected -- not shocking. The real question isn't whether Archer Aviation hits every timeline. It's whether the company is making credible technical progress toward commercial viability. The "fraud" thesis feels overblown Culper Research's core argument is that Archer Aviation is purposely misleading shareholders. They've taken what could be called a " short sell with receipts" approach -- citing documented timeline discrepancies and selectively analyzed footage as evidence of deception. I'll give Culper credit: They did their homework. The inconsistencies between Archer Aviation's public statements and internal communications with the Salinas Fire Department are concerning and merit clarification. The photos showing Archer Aviation's Midnight aircraft in partial assembly in April 2025, shortly after claiming it was "fully assembled," deserve a direct response. Unfortunately, Archer Aviation's response so far has been defensive and dismissive. In its only public refutation of these claims as of this writing, the company stated: "Christian Lamarco has a reputation for 'shorting and distorting' various stocks. Culper is not a credible research institution... His claims are baseless." That's not good enough. Investors aren't looking for character attacks -- they're looking for specifics. A transparent response about development challenges and certification progress would go much further in restoring confidence. That said, Culper's leap from timeline slippage to deliberate fraud feels like a stretch. There's a meaningful difference between aggressive projections and systemic deceit. Most of what Culper surfaces reads like standard aerospace growing pains -- ambitious messaging on the front end; reality catching up on the back end. The UAE launch is essentially immaterial Much of the current controversy revolves around whether Archer Aviation can launch commercial operations in the UAE by late 2025. But here's a crucial point: The UAE launch is essentially irrelevant to the long-term thesis. The core opportunity is FAA certification for operations in the U.S. -- where the real demand, revenue potential, and infrastructure scale exist. A pilot program in Abu Dhabi may help build brand equity or validate operational procedures, but it won't meaningfully change Archer Aviation's long-term value. In fact, it's increasingly clear that the 2028 Los Angeles Olympics are shaping up to be the real commercial debut. If Archer Aviation can operate aircraft safely and reliably during the Games, that could serve as a massive proof of concept for urban air mobility. Premier partners don't waste time on questionable technology This is where Culper's short thesis starts to crack. If Archer Aviation's technology were truly broken or years behind, why are serious industry players lining up to back it? Palmer Luckey's Anduril Industries just signed an exclusive agreement with Archer Aviation to co-develop hybrid vertical aircraft for the Department of Defense. Luckey isn't known for backing unproven concepts. His defense start-up beat out Boeing, Lockheed Martin, and Northrop Grumman in the Air Force's autonomous systems program. Then there's Palantir Technologies, which signed on to integrate artificial intelligence (AI) into Archer Aviation's flight systems and manufacturing stack. CEO Alex Karp personally announced the partnership at Palantir's AIPCon event. United Airlines and Stellantis also re-upped their investments in Archer Aviation earlier this year, as part of a $430 million funding round. United brings operational expertise. Stellantis brings scale manufacturing and capital discipline. These companies don't enter long-term agreements lightly. If Archer Aviation's aircraft were fundamentally unworkable, these partnerships wouldn't exist. Defense vs. commercial development timelines One point the short report largely ignores: Defense applications follow different timelines and certification pathways than commercial passenger transport. Archer Aviation already has a $142 million contract from the U.S. Air Force and is delivering aircraft for evaluation. These defense-grade aircraft don't need FAA certification for combat or logistics roles. That means Archer Aviation could begin generating real revenue from defense use cases while commercial approval is still pending. The Anduril partnership enhances this pathway. Military applications of electric vertical takeoff and landing technology could materialize faster than passenger mobility, giving Archer Aviation a second viable market. A long-term investment remains long-term Let me be clear: Archer Aviation has always been a high-risk, long-duration investment. The recent share price surge doesn't change the fundamental truth that aviation is hard, slow, and unforgiving. Designing a new type of aircraft is hard. Certifying it is harder. Building out infrastructure and proving commercial viability? That's the ultimate challenge. But that's also why the opportunity exists. If Archer Aviation succeeds, it won't just sell a few aircraft -- it will redefine how people move across congested urban corridors. The market potential remains enormous. Culper's report is a useful reminder to stay grounded in execution realities. But it doesn't invalidate the broader thesis. Archer Aviation remains one of the best-positioned players in a field that could reshape the future of mobility. The investment thesis remains intact Yes, Archer Aviation faces real challenges. And yes, investors deserve a more substantive response to Culper's allegations. But the long-term reasons to own this stock are unchanged. Strategic partnerships with heavy hitters Anduril, Palantir, United Airlines, and Stellantis point to real traction. Defense contracts offer an alternative path to revenue while the FAA certification process plays out. And the 2028 Olympics are a credible commercial milestone. I didn't invest in Archer Aviation because I thought they'd hit every target on time. I invested because the upside of electric vertical flight is massive -- and because Archer Aviation is building serious partnerships to make it happen. That's why I'm holding my shares. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor 's total average return is962% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 George Budwell has positions in Archer Aviation, Lockheed Martin, Northrop Grumman, and Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool recommends Lockheed Martin and Stellantis. The Motley Fool has a disclosure policy.
Yahoo
22-05-2025
- Business
- Yahoo
Culper Research Shorts Archer Aviation (ACHR) Stock- Here's Why
As per the report from Culper Research dated May 20, Archer Aviation Inc. (NYSE:ACHR) has been facing allegations of misleading investors regarding the progress of its eVTOL aircraft, Midnight. The research firm had gone ahead with its short position on the company's stock, mentioning that it had consistently given inaccurate updates regarding its aircraft's development and testing milestones over the previous year. As per the research firm, Archer Aviation Inc. (NYSE:ACHR)'s continued promotion of near-term commercialization is premature and also reckless. A technician assembling an electric aircraft, highlighting the company's manufacturing capabilities. The research firm explained the series of events that led to the short position. On February 27, 2025, Archer Aviation Inc. (NYSE:ACHR) mentioned that its manned Midnight aircraft was 'fully assembled' and that it is 'finishing up ground tests.' However, the research firm mentioned about the emails that were exchanged between the company's own flight test team and the City of Salinas Fire Department. They revealed that the company's flight test team didn't even have the aircraft in their possession until early March. Culper Research also believes that Archer Aviation Inc. (NYSE:ACHR) faked a milestone to unlock an additional tranche of financing from Stellantis. The firm went on to mention that the company's progress in FAA certification has been slow. The company designs and develops aircraft and related technologies and services. While we acknowledge the potential of ACHR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACHR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
