Cathie Wood drops $10 million on next-gen tech stock

Investors in Joby Aviation (JOBY) stock person been connected a chaotic thrust of late, but Cathie Wood utilized the caller weakness to bargain the dip.

The electrical vertical takeoff and landing (eVTOL) craft shaper is coming disconnected a beardown year, spearheaded by affirmative developments connected the concern end.

However, pursuing a large superior raise, its banal nosedived, and Wood stepped successful to bargain 781,519 shares worthy much than $10 million done ARK ETFs connected Jan. 29.

The determination is classical ARK, with Wood often utilizing pullbacks to adhd to future-focused bets.

It besides supports ARK’s long-standing presumption of the immense imaginable of “mobility-as-a-service,” with autonomous transport and aerial systems astatine its center.

Wood has been explicit astir the monolithic semipermanent opportunity. “We deliberation the aerial taxi manufacture is astir here,” she said successful a Benzinga interrogation a fewer years ago, efficaciously framing eVTOLs arsenic the adjacent large arena for tech innovation.

Nevertheless, for Joby, the roadworthy up is uneven.

It was 1 of the hottest stocks successful 2025, but 2026 is simply a "show me" twelvemonth for the concern arsenic it navigates the astir investigating phases of Federal Aviation Administration (FAA) certification, on with a remarkably costly ramp toward commercialization.

It’s fundamentally successful a make-or-break situation.

If it clears FAA certification and scales up astatine an encouraging pace, we could spot a ton of upside, but if things spell south, the banal could soon commencement flirting with penny-stock territory.

It sounds similar a conception pulled from a sci-fi flick, but Joby’s superior extremity is to marque aerial taxis a practical, mundane signifier of transportation.

So successful essence, it’s trying to run a concern that’s person to “Uber successful the air” compared to a accepted aerospace manufacturer.

More Tech Stocks:

• Morgan Stanley sets jaw-dropping Micron terms people aft event

• Nvidia’s China spot occupation isn’t what astir investors think

• Quantum Computing makes $110 cardinal determination cipher saw coming

• Morgan Stanley drops eye-popping Broadcom terms target

• Apple expert sets bold banal people for 2026

Its full addressable marketplace is massive, spanning aggregate areas.

For instance, ride-hailing unsocial is already enormous. The planetary ride-hailing marketplace is presently astatine $184.49 billion and could scope an eye-popping $392.27 cardinal by 2031, according to Mordor Intelligence.

The eVTOL market, successful particular, is forecast by PwC to leap from astir $11.4 cardinal successful 2024 to a head-turning $87.8 cardinal by 2034.

• Seats: The craft tin accommodate 1 aviator positive 4 passengers (or a 1,000-lb. payload).

• Speed: The eVTOL travels astatine up to 200 mph.

• Range: A azygous complaint offers up to 100 miles of question (optimized for municipality routes).

• Value proposition: Trips volition beryllium up to 10 times faster than driving (per Joby’s internal modeling).

• Noise: Joby cites 65 dBA (A-weighted decibels) during takeoff/landing (which is similar mean speech volume) and says NASA has validated sound work.
  Source: Joby Aviation SEC filing 10-K