Tech

Zoom rally tied to Anthropic stake could be worth billions

Zoom stock surged as chatter about its Anthropic investment circulated, signaling a potential multi-billion-dollar upside if Anthropic's Claude AI gains traction. The gains were reported to be roughly a 10% intraday move, though the exact figure requires live-tape verification. Virtus’ Joe Terranova boosted his Zoom position and outlined price targets in a broader AI-infrastructure narrative that could keep the stock bidirectional.

📅 January 26, 2026
⏱️ 2 min read
Zoom rally tied to Anthropic stake could be worth billions

Key Takeaways

  • Baird estimates Zoom's $53 million Anthropic investment could be worth about $2–$4 billion based on Anthropic's $350 billion valuation.
  • Terranova increased his Zoom stake and sees a path to $125–$130, with potential further buys near $100.
  • Zoom's intraday move was reported near 10% (verification pending from live tape).
  • Zoom has traded below $100 since 2022 after peaking above $500 in 2020 and is up roughly 17% over the past year.
  • The upside hinges on Anthropic's valuation, Claude AI adoption, and speculative Anthropic IPO chatter within the AI hype cycle.

People Involved

  • Joe TerranovaChief Market Strategist, Virtus Investment Partners
  • William PowerResearch Analyst, Baird

Entities Involved

  • Zoom Video Communications, Inc. (ZM)Video communications company
  • AnthropicAI startup behind Claude AI
  • Virtus Investment PartnersAsset management firm
  • BairdInvestment research firm

MarketMoodz Analysis

What this means for investors: Zoom's AI exposure translates into potential upside if Anthropic's technology scales and Claude AI gains traction, but the magnitude depends on private valuations and the durability of AI adoption in enterprise software. The implied upside hinges on Anthropic's private valuation holding firm or rising and on Terranova’s willingness to add to the position as the price moves.

Historical context and what to watch: Zoom’s stock remains well off its 2020 highs after the 2022 trough, with AI enthusiasm increasingly driving tech sentiment. The Anthropic angle mirrors a broader shift toward enterprise AI infrastructure bets, where small stake multiples can translate into outsized swings if IPO whispers re-emerge or if Claude proves real-world value.

What to watch next: Look for updates on Anthropic’s private valuation, Claude AI’s enterprise adoption metrics, and Zoom’s earnings trajectory to see if AI bets translate into sustainable earnings growth.

Source: Original Article

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