New York, June 1, 2026, 14:06 EDT
- Zoom shares jumped about 10.7% in afternoon trading, hitting an intraday high of $114.56.
- Anthropic’s secret IPO filing is drawing attention again to Zoom’s preferred shares in the AI firm.
- Zoom rolled out ZoomMate, a paid AI service that turns meeting talk into tasks and documents.
Zoom Communications (ZM) 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.
Anthropic said Monday it has confidentially sent a draft Form S-1 to the SEC for a possible stock listing. The company hasn’t set the number of shares or a price, and said an IPO will depend on market conditions and other factors.
Zoom added $46 million to its Anthropic preferred stock holdings in the quarter through April 30, raising the carrying value to $1.2669 billion, according to its latest filing. The company also put $99.7 million into other private AI firms in that period.
Zoom pushed out a product update Monday, launching ZoomMate, its take on an agentic AI work surface. The new tool can search, plan, and act across different software, not only respond to queries. Zoom said ZoomMate is available across North America. Pricing starts at $20 a user per month. The system connects to platforms like Salesforce, Jira, Slack, ServiceNow, plus Google and Microsoft products.
Russell Dicker, chief product officer at Zoom, said ZoomMate connects “what was decided” in meetings to “what needs to happen next.” Melody Brue, vice president and principal analyst at Moor Insights & Strategy, said the shift is away from “isolated AI helpers” and toward systems that link decisions, data and workflows. Zoom
Wall Street hovered near record highs, with tech names leading and software stocks among top movers. Gains in tech helped balance concerns about rising oil prices and U.S.-Iran tensions. The Nasdaq ticked up a bit, Reuters reported.
The Anthropic filing keeps Zoom in the wider AI deal story. D.A. Davidson’s Gil Luria told Reuters that OpenAI and Anthropic are “in a race to go public before capital runs out.” He said getting out first could help as SpaceX, OpenAI and Anthropic all fight for investor money. Reuters
Zoom’s fundamental business looks more stable than its shares show. In May, Zoom posted fiscal Q1 2027 revenue of $1.239 billion, climbing 5.5% from the same period last year, with enterprise revenue up 7.2%. CEO Eric Yuan said customers are using Zoom as an “AI-first system of action.” The board also added $1 billion to the company’s stock buyback authorization. GlobeNewswire
Zoom says in its filing that competition is still tough, naming Microsoft 365 with Teams, Google Workspace with Meet, and Cisco Webex as main communications and collaboration rivals. AI and product launches could ramp up the pressure, according to the filing. The move with ZoomMate comes as Zoom tries to stay at the center of daily work, while bundled competitors go further into meetings, chat, and productivity tools.
But the Anthropic play is a double-edged sword. Zoom points out that private-company values are tricky and that getting any investment payoff hangs on a liquidity event like an IPO or buyout. The company also notes that revaluing its Anthropic stake could swing results around. If Anthropic’s IPO drags, prices lower than private marks, or faces a soft market, investors could turn focus right back to Zoom’s main revenue and competitive threats.
