Zoom Gains 11% as Anthropic IPO Filing Draws Spotlight to Its $1.27 Billion AI Stake
Zoom Communications climbed about 11% Monday after news that Anthropic confidentially filed for an IPO, a possible boost for Zoom’s stake in the AI firm. Shares were up $10.83 at $112.42 in afternoon action, after touching $114.56. Zoom’s market cap stood at around $33.8 billion. Zoom’s filing is in focus this time as the company isn’t seen just as a slow-growth software provider anymore. It now holds a big chunk of Anthropic on its balance sheet, and an Anthropic IPO would let the market get a better handle on what that stake is worth.