Zoom's Anthropic Bet Could Be Worth Billions, Lifting ZM Shares

Zoom shares jumped about 10% after Baird analysts estimated the company's $51 million investment in AI startup Anthropic could be worth as much as $4 billion, based on Anthropic's $350 billion valuation. If accurate, Zoom's stake could return roughly 78x the initial investment, though dilution could alter the final value. The stock's move comes as Zoom presses AI opportunities even as pandemic-era demand fades, and analysts show a Moderate Buy with an average price target of about $99.11 (roughly 4.8% upside).