We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market.Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks Jim Cramer recently discussed.
Joby Aviation, Inc. (NYSE:JOBY) is one of the few pure-play electric vertical take-off and landing (eVTOL) aircraft designers in the world. The shares have gained 30% year-to-date on the back of several favorable catalysts. Since the firm is seeking to launch a new kind of transportation service, regulatory approvals, test flights, and investment opportunities drive its hypothesis. On these fronts, Joby Aviation, Inc. (NYSE:JOBY) scored a win in June when it signed an MOA with a Saudi conglomerate to distribute $1 billion of services in the country in the future. The shares were also helped by the firm’s July announcement of having completed air taxi trials in the UAE. Cramer discussed the stock and the trial:
“Now I used to be negative on Joby on the show. I gave up. Do you know that Boeing has a [eVTOL]? So if Boeing has it why do I sniff at Joby?
A futuristic electric vertical takeoff and landing aircraft soaring through the sky.
Commenting about Joby Aviation, Inc. (NYSE:JOBY) in June, Cramer remarked:
“You know what, remember a couple of weeks ago I said I was done with the knocking on the ones that don’t make money. Joby is real. I think Archer is real… But Joby is good and I’m going with it and I am with you… Joby is okay. I’m even playing some Joby music.”
While we acknowledge the potential of JOBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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.
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