Why Archer Aviation Inc. (ACHR) Skyrocketed On Tuesday

We recently published a list of 10 Firms Crushing the Market. In this article, we are going to take a look at where Archer Aviation Inc. (NYSE:ACHR) stands against other firms that are crushing the market.

The stock market finished the trading day on a mixed note, as investors continued to digest April inflation figures, which came out lower than expected.

On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, its lowest annual rate since February 2021.

Among Wall Street’s main indices, only the S&P 500 and the tech-heavy Nasdaq registered gains, by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent.

Beyond the major indices, 10 companies finished the session with strong gains amid a flurry of positive developments, including ratings upgrades and impressive corporate earnings, among others.

In this article, we name Tuesday’s 10 top performers and detail the reasons behind their rally.

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 rose for a fifth straight day on Tuesday, surging 22.91 percent to end at $11.16 apiece as investor sentiment was boosted by news that it was on track to launch its first air taxi in the Middle East later this year.

In a statement on Monday, Archer Aviation Inc. (NYSE:ACHR) said that it plans to deliver its first Midnight aircraft to the UAE in the next few months for its planned launch later this year. This was further supported by the country’s approval of the design of the hybrid airport in Abu Dhabi.

“Archer’s pushing the boundaries of what’s possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year,” said Archer Aviation Inc. (NYSE:ACHR) founder and CEO Adam Goldstein.

Overall, ACHR ranks 2nd on our list of firms that are crushing the market. 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.