ZM Stock Rips To Near 4-Year Highs After Anthropic IPO Filing – Retail Expects A Breakout

• Anthropic did not disclose the size or pricing details of the proposed offering.
• According to a regulatory filing last month, Zoom’s stake in Anthropic is currently worth around $1.3 billion.
• Zoom also launched ZoomMate, an AI-powered workspace available in North America, beginning at $20 per user per month.

Shares of Zoom Communications (ZM) soared more than 12% to their highest levels since August 2022, as investors piled in on the back of artificial intelligence startup Anthropic’s initial public offering, along with the launch of an agentic AI workspace. 

ZM shares also clocked their biggest single-day gains in over nine months.

ZM’s Stake In Anthropic Exceeds $1B

Anthropic announced on Monday that it has confidentially filed for a U.S. initial public offering, in what is expected to be one of the most closely watched AI listings in recent years. The company, known for its Claude AI chatbot, did not disclose the size or pricing details of the proposed offering, according to an official blog post.

The proposed initial public offering will depend on market conditions and other factors. The number of shares to be offered and the price have not yet been set, the post read.

The filing comes shortly after Anthropic raised funding at a reported post-money valuation of $965 billion in late May.

Zoom has emerged as one of the biggest beneficiaries, with its early investment in Anthropic generating more than $1 billion in unrealized gains. According to a regulatory filing last month, Zoom’s roughly $51 million investment in the AI startup through Zoom Ventures in 2023 has grown in value to nearly $1.3 billion.

ZM’s New AI Workspace

On Monday, Zoom Communications launched ZoomMate, a new AI-powered workspace to help users turn conversations into actions more efficiently. The tool connects meeting discussions with search, workflows, custom AI agents, and content creation features.

Zoom said ZoomMate reduces the need to switch between multiple apps by bringing information and tasks together in one place.

ZoomMate is currently available in North America, starting at $20 per user per month. Expansion into regions including Europe, the Middle East, Africa, and Asia-Pacific is planned for later this year.

ZM Traders Bullish On Stock

Retail sentiment surrounding ZM on Stocktwits remained in the ‘bearish’ zone. One user said the stock could break out after Anthropic filed for IPO.

Another user called ZoomMate a “game changer.”

The stock has gained around 29% so far this year.

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