Chit Chat Stocks Is Zoom Sitting On Billions In Anthropic Gains? Plus, Why The Business Can Thrive During The AI Revolution, With Sean Emory (Ticker: ZM)
Feb 18, 2026
Sean Emory, founder and CIO of Avory & Co. and manager of a tech‑focused ETF, breaks down why Zoom’s become more than meetings. He explores Zoom’s product expansion, AI integrations, the strategic Anthropic stake, and how communications can thrive amid the AI revolution. Short, sharp takes on pricing power, churn, and capital allocation.
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AI Boosts Stickiness Before Revenue
- Zoom's AI features present value mainly by increasing retention through richer meeting context, not just by direct AI revenue today.
- AI Companion 3.0 builds agentic workflow tools that the company is beginning to monetize.
Avoid Rebuilding Core Comms In-House
- Don't assume companies will build best-in-class internal comms tools even if they have engineers and compute.
- Keep using specialized vendors when latency, reliability, and integrations matter for core workflows.
Anthropic Stake Offers Large Upside
- Zoom made a strategic venture investment in Anthropic in 2023 aligned with its federated AI approach.
- That small early stake now represents potentially material optionality if Anthropic's valuation scales dramatically.