Confession: I've been wrong about Archer Aviation (NYSE: ACHR). Not totally wrong, but wrong enough to make me rethink the stock. In truth, I've been ****** yzing the stock too narrow-mindedly, with too much focus on its air taxi business and not enough on the other developments taking shape around it.
Two of those developments are in defense and autonomous technology. And I think they will make Archer one of the most formidable eVTOL businesses on the market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
By now, you probably know what Archer is, or what it's trying to build. It's a frontrunner in the nascent electric vertical takeoff and landing (eVTOL) industry. Long term, it wants to operate an air taxi service, a kind of Uber (NYSE: UBER) in the skies, a transportation network to taxi people through the air to vertiports in major cities.
The urban mobility market, which includes eVTOL services, is expected to grow into a multitrillion-dollar market over the next several decades. That has also been one of the primary reasons to invest in companies like Archer, whose $4 billion-ish market cap could grow exponentially if this industry attracts the heavy demand expected of it.
#market #wrong
Two of those developments are in defense and autonomous technology. And I think they will make Archer one of the most formidable eVTOL businesses on the market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
By now, you probably know what Archer is, or what it's trying to build. It's a frontrunner in the nascent electric vertical takeoff and landing (eVTOL) industry. Long term, it wants to operate an air taxi service, a kind of Uber (NYSE: UBER) in the skies, a transportation network to taxi people through the air to vertiports in major cities.
The urban mobility market, which includes eVTOL services, is expected to grow into a multitrillion-dollar market over the next several decades. That has also been one of the primary reasons to invest in companies like Archer, whose $4 billion-ish market cap could grow exponentially if this industry attracts the heavy demand expected of it.
#market #wrong
6 days ago
