Top 10 AI News Updates Trending on Wall Street

8. Xometry, Inc. (NASDAQ:XMTR)

Number of Hedge Fund Holders: 7

Xometry, Inc. (NASDAQ:XMTR) operates an online marketplace that lets buyers source custom-manufactured parts and assemblies. It offers computer numerical control manufacturing, sheet metal forming, sheet cutting, 3D printing, and fused deposition modeling. On February 10th, analysts at JMP Securities reiterated a Buy rating on the stock with a $42 price target. The bullish rating hinges on the company’s ability to grow its customer base and strengthen profit margins.

Xometry, Inc.’s (NASDAQ:XMTR) artificial intelligence-powered digital manufacturing services marketplace has catalyzed robust underlying growth. In the third quarter, the AI-driven marketplace set records for revenues, gross profit growth, and marketplace gross margin while gaining more market share worldwide.