AI-Powered Manufacturing Marketplace Xometry Surges Over 130% on Huge Growth Potential Despite Some Lingering Risks
-
Xometry is an AI-powered online marketplace connecting manufacturers with custom product orders. Its platform uses AI for instant pricing.
-
Revenue growth has been strong, showing the AI is working to balance appropriate pricing between buyers and manufacturers.
-
Huge long-term potential with a $2.4 trillion addressable market and only 52,000 active buyers currently.
-
Stock has surged over 130% in under 2 months without significant news, so a pullback seems likely.
-
Still a promising business poised for more gains in 2024, though some risks remain given the newness of the platform.