Archer Aviation (ACHR) Completes the First Phase of its Hawthorne Airport Acquisition

​This update follows a bid of definitive agreements the institution signed successful November to get power of this one-of-a-kind airport. It is situated astatine a strategical location, little than 3 miles from LAX, and is besides closest to 3 main attractions, including SoFi Stadium, The Forum, Intuit Dome, and Downtown L.A. Management noted that they program to usage the airdrome arsenic its operational hub for its L.A. aerial taxi network. Moreover, Archer Aviation Inc. (NYSE:ACHR) besides plans to usage the airdrome for investigating its next-generation AI-powered aviation technologies.

​That said, a time earlier connected December 8, Cantor Fitzgerald reiterated a Buy standing connected Archer Aviation Inc (NYSE:ACHR) without disclosing immoderate terms targets. The steadfast noted that its optimistic outlook is based connected the company’s program to motorboat an aerial taxi web successful the Miami area, announced connected December 3. The anticipated web volition link Miami, Fort Lauderdale, Boca Raton, and West Palm Beach, offering 10 to 20-minute flights. The steadfast believes that it volition trim congestion and amended determination mobility betwixt the said locations.

​Archer Aviation Inc. (NYSE:ACHR) is an aerospace institution engaged successful the improvement of innovative technologies to powerfulness the aboriginal of aviation.

While we admit the imaginable of ACHR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.