While radiosondes have provided atmospheric scientists an accurate high-vertical-resolution profile of the troposphere for decades, they are unable to provide high-temporal-resolution observations without significant recurring expenses. Remote sensing technology, however, has the ability to monitor the evolution of the atmosphere in unprecedented detail. One particularly promising tool is the Atmospheric Emitted Radiance Interferometer (AERI), a passive ground-based infrared radiometer. Through a physical retrieval, the AERI can retrieve the vertical profile of temperature and humidity at a temporal resolution on the order of minutes. The synthesis of these two instruments may provide an improved diagnosis of the processes occurring in the atmosphere. This study provides a better understanding of the capabilities of the AERI in environments supportive of deep, moist convection. Using 3-hourly radiosonde launches and thermodynamic profiles retrieved from collocated AERIs, this study evaluates the accuracy of AERI-derived profiles over the diurnal cycle by analyzing AERI profiles in both the convective and stable boundary layers. Monte Carlo sampling is used to calculate the distribution of convection indices and compare the impact of measurement errors from each instrument platform on indices. This study indicates that the nonintegrated indices (e.g., lifted index) derived from AERI retrievals are more accurate than integrated indices (e.g., CAPE). While the AERI retrieval’s vertical resolution can inhibit precise diagnoses of capping inversions, the high-temporal-resolution nature of the AERI profiles overall helps in detecting rapid temporal changes in stability.