Trump’s “impossible trinity” on AI and energy – Sherwood News
Palantir climbs toward a fresh record high ahead of earnings report
Traders and Wall Street are waiting to see whether Palantir’s latest numbers after market close today will continue to beat expectations.
Joby’s UAE reported certification delay stokes fears that air taxis may be further off than thought, sending eVTOL stocks down
Commercial air taxi service may be on a slower path than investors previously thought.
Shares of Joby Aviation fell more than 9% on Monday morning amid a report from The National that the company’s UAE certification will be completed by the third quarter of next year. That’s a significant delay from Joby’s own projected timeline in February, when it said it planned to carry passengers in Dubai in “late 2025 or early 2026.”
Rival Archer Aviation, which also recently suffered a hit to its UAE certification timeline, fell more than 9%. Joby and Archer each are expected to report their earnings results later this week.
Also potentially causing some investor pullback is the planned IPO of Beta Technologies on Tuesday. Beta, a manufacturer of electric aircraft, received a $300 million investment from GE Aerospace in September.
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