Zoom (ZM) Stock Rises as Anthropic Stake Shows 78x Return

TLDR Zoom shares surged over 11% following Baird’s analysis of its Anthropic investment value The video platform invested $51 million in the AI company during May 2023 Current estimates place Zoom’s Anthropic stake between $2 billion and $4 billion Anthropic’s $350 billion valuation suggests a 78x return on Zoom’s original investment Analysts rate Zoom a [...]

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