tech
Investor Joe Terranova says one public stock is a back door way to play the booming fortunes of private Anthropic
Zoom, which has a stake in Anthropic, is a good way to play the red-hot private AI firm, according to Virtus Investment Partners' Joe Terranova.
TL;DR
- Joe Terranova suggests Zoom Communications as an indirect investment in Anthropic.
- Zoom holds a significant stake in Anthropic, estimated to be worth $2 billion to $4 billion.
- The demand for Anthropic's AI assistant, Claude, is described as insatiable.
- Anthropic is reportedly preparing for an initial public offering (IPO) as early as this fall.
- Anthropic recently launched Claude Mythos, potentially disrupting traditional software companies.
- Anthropic's market value has reportedly soared to nearly $400 billion based on its latest funding round.
- Wolfe Research estimates Zoom's exposure to Anthropic could be worth $1.1 billion to $3.4 billion, with potential for more if Anthropic IPOs at a premium.
- 16 out of 31 analysts covering Zoom have a buy or strong buy rating on its shares.
- Zoom stock is down approximately 5% year-to-date.