Archer Aviation faces market volatility amid semiconductor surge

Archer Aviation, an electric vertical takeoff and landing (eVTOL) aircraft manufacturer, has seen recent fluctuations in its stock price. The company is currently in a testing phase, seeking regulatory approvals for commercial operations, and continues to manage cash burn as it develops its technology and fleet. Analysts hold varying views on the stock, with a consensus rating of ‘Hold’ and an average target price of $11.50.

In a related market shift, investors have moved capital from speculative aviation plays toward semiconductor companies like Micron Technology. Micron has experienced significant growth driven by high demand for high bandwidth memory chips. CEO Sanjay Mehrotra noted that the company is already sold out of these chips for 2026 and 2027, with supply constraints expected to persist beyond 2027.