Jim Cramer’s Lightning Rounds: 12 Stocks Under the Spotlight

8. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Fund Holders: 24

When a caller asked about Archer Aviation Inc. (NYSE:ACHR), Cramer expressed apprehension that speculative stocks are facing the possibility of getting hit.

“No, this stock, all of these came down today. Joby came down too. I actually think these stocks have overheated and I am worried about a strong unemployment number on Friday… and that these more aggressive speculative stocks could get hurt. That’s my fear.”

Archer Aviation (NYSE:ACHR) is a company focused on designing, developing, and operating electric vertical takeoff and landing (eVTOL) aircraft, primarily aimed at revolutionizing urban air mobility. The company has achieved significant regulatory progress, including receiving final airworthiness criteria from the Federal Aviation Administration (FAA). Earlier this year, it completed 400 test flights and expects to begin initial flights as early as next year.

The company plans to produce approximately two aircraft per month by 2025 and aims to begin operations in major cities such as New York, Tokyo, and Abu Dhabi. The company stock experienced a remarkable increase of more than 190% in November.

This rise in stock value was further fueled by Archer Aviation’s (NYSE:ACHR) announcement of a new partnership on December 6. The agreement, made with several parties in the UAE and Abu Dhabi, is aimed at launching and expanding flying taxi operations in the region. The collaboration positions Archer to become the first manufacturer of electric flying taxis in the Middle East and North Africa, with plans to initiate commercial operations in the UAE.