Why Joby Aviation Led eVTOL Stocks Higher Wednesday
Innovation has always been a big driver of investment. Recently, many investors have paid close attention to the trends favoring artificial intelligence (AI), since it promises to boost productivity and lead to transformative improvements in efficiency.
However, AI stocks aren't the only ones that can get a big boost from favorable news. In the electric vertical takeoff and landing (eVTOL) aircraft industry, huge investments are ongoing to come up with alternatives to ground-based transportation.
Air taxis have huge long-term potential, and Joby Aviation (NYSE: JOBY) saw its stock post huge gains Wednesday after it reached a key milestone. Indeed, Joby's success is lifting interest levels throughout the eVTOL sector.
Source Fool.com
