Jim Cramer Calls Siemens Partnership With Xometry a “Major Endorsement”

Xometry, Inc. (NASDAQ:XMTR) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. Cramer highlighted the company’s stock price action during the episode, as he said:

Here’s a stock that’s up almost 45% year-to-date, 180% over the past 12 months. Now, if you’re any kind of manufacturer, even a smaller business that needs something custom-made, Xometry can help you source all kinds of parts and assemblies. They’re the first to digitize this entire process. Last month, the company reported a blowout quarter and also announced a major partnership with Siemens, including a $50 million investment. I think that’s a major endorsement.

Stock market data. Photo by Alesia Kozik on Pexels

Xometry, Inc. (NASDAQ:XMTR) provides an AI-driven marketplace that connects buyers with manufacturing suppliers. It offers instant quoting, collaboration tools, cloud-based workflow solutions, and industrial sourcing services. The company also supports a wide range of manufacturing and production capabilities, including CNC machining, injection molding, 3D printing, sheet cutting, casting, prototyping, and finishing services. During the lightning round of May 20, a caller inquired about the stock, and Cramer responded:

I know Xometry’s growing like a weed. I’m going to invite Xometry on. I don’t know them well enough to opine on the company, but I do know that it’s in the right space. Let’s get them on the show.

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