Why Archer Aviation Inc. (ACHR) Went Up On Wednesday

We recently published a list of These 10 Firms Topped Wednesday’s Trading. In this article, we are going to take a look at where Archer Aviation Inc. (NYSE:ACHR) stands against other firms that topped Wednesday’s trading.

Wall Street’s major indices rebounded anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off after President Donald Trump assured that he had no intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.

Ten companies mirrored the broader market optimism as optimistic investors resumed pouring funds into their stocks. In this article, we have identified Wednesday’s 10 best-performing stocks during the intra-day trading and detailed the reasons behind their strong performance.

To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in intraday trading volume.

A technician assembling an electric aircraft, highlighting the company’s manufacturing capabilities.

Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation saw its share prices rise by 16.2 percent at intra-day trading on Wednesday before paring gains to end just up by 8.2 percent at $71.14 apiece following news that Abu Dhabi officially approved the design for its first hybrid heliport, sparking hopes for ACHR’s looming takeoff.

On Wednesday, the UAE General Civil Aviation Authority approved the design of the first hybrid heliport to be located at the Abu Dhabi Cruise Terminal at Zayed Port, a leading hub for the regional cruise industry that welcomes more than 650,000 visitors annually.

The new heliport was developed in partnership with ACHR, AD Ports Group, and Falcon Aviation Services, and will accommodate both traditional helicopters and electric vertical take-off and landing (eVTOL) aircraft.

The approval complemented ACHR’s planned launch of its Midnight aircraft in Abu Dhabi later this year.

In other news, ACHR said it would begin producing 10 Midnight aircraft at its ARC facility in Covington, Georgia this year to support its ongoing certification-related testing programs and deployments with key partners. It also plans to ramp up the factory’s capacity to a range of 650 to 2,000 aircraft annually.

Overall, ACHR ranks 6th on our list of firms that topped Wednesday’s trading. While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ACHR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.