Terranova said he bought the stock after Baird estimated the company’s investment in Anthropic is worth between $2 billion to $4 billion.
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Zoom, which has a stake in Anthropic, is a good way to play the red-hot private AI firm, according to Virtus Investment Partners'…
Anthropic revealed that Zoom Ventures had invested in the AI startup in May 2023.
Anthropic growth has a positive readthrough for this stock, Bank of America said.
Unlike past Anthropic announcements that resulted in cyber and tech selling, this one was a breath of fresh air.
Anthropic positioned its products as additive, rather than threatening, to existing software providers, analysts said.
Anthropic is looking to raise up to $5 billion at a $170 billion valuation in a funding round led by Iconiq Capital.
