Slowing Down? Not for 3D Systems Corporation (DDD)

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One significant development on the corporate end comes from General Electric Company (NYSE:GE). General Electric plans to spend over $3 billion over the next several years to advance its own integration and harnessing of advanced manufacturing, as mentioned by 3D Systems’ CEO in the Annual Analyst and Investor presentation.

Earlier in June, General Electric Company (NYSE:GE) announced the launch of two global additive manufacturing quests that invite entrepreneurs, companies and institutions to offer their solutions to both challenges: a 3D Printing Design Quest for technologies used in healthcare and a 3D Printing Production Quest for an aircraft engine bracket. While General Electric is committed to becoming the leader for the next manufacturing revolution, General Electric Company (NYSE:GE) continues to invest aggressively into 3D printing, applying it to various segments operated by General Electric.

Bottom line

Being one of the leaders in the 3D printing industry with first mover advantage, 3D Systems Corporation (NYSE:DDD) continues to ride multiple uptrends with a clearly defined growth strategy. While large global manufacturers, such as General Electric Company (NYSE:GE), are investing aggressively in 3D printing, the mainstream adoption will be quickly boosted by the participation of Staples, Inc. (NASDAQ:SPLS) and Amazon.com, Inc. (NASDAQ:AMZN). There is no turning back for the development of 3D printing, and 3D Systems remains a solid bet to ride the fast growing trend.

Nick Chiu has no position in any stocks mentioned. The Motley Fool recommends 3D Systems and Amazon.com. The Motley Fool owns shares of 3D Systems, Amazon.com, Inc. (NASDAQ:AMZN), and General Electric Company (NYSE:GE) and has the following options: Short Jan 2014 $36 Calls on 3D Systems and Short Jan 2014 $20 Puts on 3D Systems Corporation (NYSE:DDD).

The article Slowing Down? Not for 3D Systems originally appeared on Fool.com.

Nick is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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