Xometry Expands AI-Powered Marketplace Offerings
Portfolio Pulse from Shivani Kumaresan
Xometry Inc has expanded its AI-powered Xometry Instant Quoting Engine to include instant-quoting of inserts, multi-part assemblies, and expanded sheet-cutting processes. The enhanced features allow buyers to instantly get pricing and lead times on CNC, sheet metal and sheet-cut parts with standard inserts. The proprietary AI technology learns from every interaction, enabling Xometry to continuously evaluate, build and roll out new products delivering instant pricing and lead times for an ever-expansive universe of parts. XMTR shares are trading higher by 4.94% at $19.98.
July 10, 2023 | 3:14 pm
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POSITIVE IMPACT
Xometry's expansion of its AI-powered Instant Quoting Engine could potentially increase its market share and revenue. The stock is currently trading higher.
The expansion of Xometry's product offerings could attract more customers, potentially increasing its revenue. This positive news is likely contributing to the rise in XMTR's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100