Zoom Communications set for rally with strong AI growth and $3–$6B Anthropic stake ahead of Q2 earnings

Zoom Communications is positioned for a significant stock rally, driven by a multi-year rounding bottom pattern and upcoming Q2 earnings. A key catalyst is its 0.3% stake in AI company Anthropic, whose IPO could value Zoom's holding between $3 billion and $6 billion. The company also boasts strong fundamentals, including $7.7 billion in cash, aggressive share buybacks, and a projected 40% free cash flow margin by 2027 on $5.1 billion revenue. Zoom's AI-driven product growth, highlighted by a 184% year-over-year increase in Zoom AI Companion usage, could help it outperform other software peers amid attractive valuations.