Overview
- Baird estimates value Zoom’s Anthropic exposure at $2 billion to $4 billion based on current valuation scenarios.
- Zoom disclosed $51 million in strategic investments for the quarter tied to the partnership period, which Baird believes largely reflects the Anthropic stake.
- The calculation uses an estimated $350 billion valuation for Anthropic, implying roughly a 78x return on Zoom’s outlay.
- Zoom shares rose about 11% on Monday after the analysis reframed the stake as a material non‑operating asset.
- Analysts note an Anthropic IPO could further clarify value, though the timing and Zoom’s precise allocation remain unconfirmed.