10 Stocks With Surprising Gains Amid Market Meltdown

1. Xometry, Inc. (NASDAQ:XMTR)

Xometry soared by 43 percent on Tuesday to end at $44.28 apiece after exceeding revenue expectations and raising its growth outlook for the third quarter of the year.

In its updated report, Xometry, Inc. (NASDAQ:XMTR) said revenues in the second quarter of the year increased by 22.7 percent to $162 million from $132 million in the same period last year. The figure also exceeded expectations, having targeted only $155 million to $157 million in revenues during the period.

Net loss attributable to shareholders, however, widened by 93 percent to $26.4 million from $13.7 million year-on-year.

For the six-month period, revenues jumped by 23 percent to $313 million from $255 million, while net loss attributable to shareholders grew by 37 percent to $41.5 million from $30.3 million year-on-year.

For the third quarter, Xometry, Inc. (NASDAQ:XMTR) targets revenues at a range of $167 million to $169 million, with adjusted EBITDA of $4 million to $5 million.

For the full year, Xometry, Inc. (NASDAQ:XMTR) also raised its marketplace growth outlook of 23-24 percent, versus the 22 percent previously.

While we acknowledge the potential of XMTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XMTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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