Reported 16 days ago
Cathie Wood's Ark Invest has significantly increased its stake in Archer Aviation, whose shares currently trade at just $3.26. While Wood's history with successful investments like Tesla lends credibility, Archer faces challenges such as not yet generating revenue, raising concerns about its long-term viability. The stock is viewed as a speculative, high-risk investment, prompting caution among potential investors as they monitor the company's progress and future commercial prospects.
Source: YAHOO