Joby Aviation stock price continued its strong momentum, reaching a high of $10.72, its highest level since July 2023. It has surged by over 130% from its lowest level in 2024, pushing its market cap to over $7.

Shares of Archer Aviation have been in a short-term volatility rally as the stock launched from $3 to $11 in less than two months. The rush of buying interest in the stock follows headlines of the company’s advancement of products and FAA acknowledgements.

Archer Aviation stock is up 291% over the last three months, and it could still deliver huge wins for long-term investors.