While it offers a consumer product, Anthropic<\/a> has made its mark by focusing on the enterprise market, where it generates about 80% of its revenue. The company has found a strong niche in coding, with its Claude Cowork and Claude Code products helping drive its growth.<\/p>\n Anthropic has drawn investments from several large companies, including Amazon and Alphabet. However, there is an under-the-radar stock that’s set to benefit much more from Anthropic’s success than these behemoths. That company is video-conferencing platform operator, Zoom (NASDAQ: ZM).<\/p>\n An early Anthropic investor <\/p>\n Zoom’s investment arm, Zoom Ventures, took a stake in Anthropic in May 2023. While the original size of the investment hasn’t been disclosed, it’s widely believed to have been the bulk of the $51 million in investments it made during the quarter. Zoom later made another $46 million investment in Anthropic preferred shares in Q1. In its latest 10-Q filing, it said its total investment was valued at $1.27 billion based on Anthropic’s February valuation round, which was done at $380 billion.<\/p>\n However, fast forward a few months, and Anthropic is looking to raise funds at an over $900 billion valuation this month. That would value Zoom’s Anthropic holding at over $3 billion. Meanwhile, given its growth, it wouldn’t be surprising to see the company eventually IPO at a much higher market cap.<\/p>\n Zoom currently has a market cap of around $31 billion. It also has $7.7 billion in cash and marketable securities to go along with its Anthropic investment and no debt. That means its core business is currently being valued closer to $20 billion. The company is also generating around $2 billion in free cash flow<\/a> a year.<\/p>\n The company’s core business has also been showing some signs of life. Revenue rose 5.5% last quarter, with enterprise revenue climbing 7.2%. It also saw its number of customers with more than $100,000 in trailing revenue jump 8.2%.<\/p>\n With Anthropic worth about 13% of Zoom’s enterprise value and the company generating a ton of cash and seeing revenue growth, buying Zoom stock can be a sneaky way to play Anthropic before its IPO.<\/p>\n Should you buy stock in Zoom Communications right now? <\/p>\n Before you buy stock in Zoom Communications, consider this:<\/p>\n The Motley Fool Stock Advisor analyst team just identified what they believe are the\u00a010 best stocks<\/a> for investors to buy now\u2026 and Zoom Communications wasn\u2019t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.<\/p>\n Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $477,813!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you\u2019d have $1,320,088!*<\/p>\n Now, it\u2019s worth noting\u00a0Stock Advisor\u2019s total average return is 986% \u2014 a market-crushing outperformance compared to 208% for the S&P 500.\u00a0Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built by individual investors for individual investors.<\/p>\n See the 10 stocks \u00bb<\/a><\/p>\n *Stock Advisor returns as of May 26, 2026. <\/p>\n Geoffrey Seiler<\/a> has positions in Zoom Communications. The Motley Fool has positions in and recommends Zoom Communications. The Motley Fool has a disclosure policy<\/a>.<\/p>\n![\"Artist](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/b0af118bfc6521e25763d9f9882d9f4b.jpeg\")
Image source: Getty Images. <\/p>\n