11 Firms Under Tech, Energy, Aviation Lead Friday Rally

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3. Joby Aviation Inc. (NYSE:JOBY)

Recent pronouncements from the US Commerce Department mulling over banning Chinese drones sent Joby Aviation’s share prices jumping by 20.77 percent on Friday to end at $9.77 apiece.

Similar to Archer Aviation, investor sentiment was buoyed by pronouncements of banning Chinese drones as it would favor US companies like Joby Aviation.

In addition, analysts said the company was benefitting from a strong interest in the future of urban air mobility.

Over the past year, the company has already seen more than 63 percent increase in share prices, signaling a strong market belief in the company’s growth potential and its strategic position within the burgeoning industry of electric vertical takeoff and landing (eVTOL) aircraft.

According to Joby, it plans to conduct its first initial flight in Dubai in the first half of 2025, with full commercial operations targeted in the second half of next year.

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