Why These 10 Stocks Soared Today

8. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation 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.