Zoom stock jumps 11% after analyst flags ‘hidden gem’ Anthropic stake
Zoom Communications shares jumped 10.8% to $95.08 Monday after a Baird analyst estimated Zoom’s 2023 stake in AI startup Anthropic could now be worth up to $4 billion. The rally comes as investors revalue software firms with AI ties, though Zoom’s core video business still faces slow growth. The company reports earnings Feb. 23.