Jim Cramer questions the need for Joby Aviation with Boeing's entry into eVTOL market

Joby Aviation, Inc. (NYSE:JOBY) is gaining momentum as a pure-play electric vertical take-off and landing (eVTOL) aircraft designer. The stock has seen a 30% increase this year due to positive catalysts like regulatory approvals and successful test flights in the UAE. Jim Cramer recently discussed the stock’s potential and future growth opportunities.

Cramer recently changed his tune on Joby Aviation, Inc. (NYSE:JOBY), recognizing its value and potential in the eVTOL market. He highlighted the company’s progress and success in air taxi trials, indicating a shift in his previous negative stance. With Joby Aviation’s promising trajectory, the stock is generating interest among investors and analysts.

While Joby Aviation, Inc. (NYSE:JOBY) shows promise as an investment, some believe that other AI stocks offer greater potential for returns. Investors looking for AI stocks with significant upside and minimal risk may want to explore other options. For those interested in finding a cheap AI stock with growth potential, there are reports available to guide investment decisions in this sector.

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Read more at Yahoo Finance: If Boeing Has An eVTOL, Then Why Joby? Wonders Jim Cramer