Palantir Technologies ( PLTR 6.56% ) has been one of the top artificial intelligence (AI) stocks to own in recent years. And when it partners with a business, that can be a great sign for an emerging company.
In March, Palantir announced a deal to work with Archer Aviation ( ACHR 8.76% ) , which could help it scale its manufacturing capabilities, and position it for long-term growth ahead. With Palantir working with Archer, could the aviation company become the next big growth stock to invest in?
Will Archer become a big name in the air taxi industry?
Archer is in the business of developing electric vertical takeoff and landing ( eVTOL ) aircraft that can transport people and possibly solve traffic headaches in major cities like New York and Los Angeles. It's in the e