10 AI News That You Should Not Miss

6. Xometry, Inc. (NASDAQ:XMTR)

Number of Hedge Fund Holders: 7

Xometry, Inc.’s (NASDAQ:XMTR) AI-driven marketplace and Instant Quoting Engine streamline manufacturing by analyzing complex parts in real time, connecting buyers with global suppliers, and providing precise pricing and lead times.

Wedbush initiated coverage of Xometry (NASDAQ:XMTR) with an Outperform rating and a price target of $48. The firm noted that Xometry is the leading digital marketplace for custom manufacturing, operating in a large, fragmented industry that has been slow to shift online, as per The Fly. Wedbush emphasized the company’s growing network of buyers and suppliers, along with its advanced artificial intelligence-driven pricing and matching algorithms, which position Xometry to capture significant market share. The firm expects the company to experience a multi-year period of strong growth, driven by its innovative technology and expanding customer base.