Xometry, Inc. (NASDAQ:XMTR) saw a 43% surge in stock price after surpassing revenue expectations and raising Q3 growth outlook. Q2 revenues rose 22.7% to $162 million, exceeding projections. However, net loss attributable to shareholders widened by 93% to $26.4 million year-on-year. For the first half of the year, revenues jumped 23% to $313 million, with net loss growing by 37% to $41.5 million.

Xometry (XMTR) targets Q3 revenues of $167-169 million, with adjusted EBITDA of $4-5 million. Full-year marketplace growth outlook raised to 23-24% from 22%. While XMTR shows potential, other AI stocks may offer higher returns with less risk. For a cheap AI stock with growth potential, check out our free report on the best short-term AI stock.

Read more at Yahoo Finance: Xometry (XMTR) Climbs 43% as Exceeded Revenue Expectations