Palantir and Archer Aviation's Artificial Intelligence (AI) Partnership: Which Stock Is the Better Buy?
The answer may surprise you.
Artificial intelligence (AI) is reaching its tentacles into every part of the economy; aviation is no exception. That is why Palantir Technologies (NASDAQ: PLTR) and Archer Aviation (NYSE: ACHR) are teaming up for next-generation aircraft and air taxi technologies. The companies announced a partnership this spring as both stocks catch fire, with Archer Aviation up over 200% and Palantir up close to 500% in the past 12 months.
There is a ton of excitement for investors in both of these companies today. But which is the better buy over the long-term: Palantir or Archer Aviation? Let's dig in further and find out.
The Palantir and Archer Aviation are aiming to work together to disrupt the legacy players in aviation. Palantir operates one of the leading AI analytics firms for the U.S. government and big business. Archer Aviation is designing and testing one of the first electric air taxis, which promise to disrupt the transportation market once approved by the Federal Aviation Administration (FAA).
