Cathie Wood Bet $712 Million on Zoom Stock. Where Will It Be in 2 Years?
The Motley Fool
JANUARY 16, 2024
With a share price of $70, Zoom Video Communications (NASDAQ: ZM) is down quite substantially from its peak of $568 in late 2020. The pandemic-era darling suffers from stagnating growth and a lack of platform differentiation from rivals like Microsoft Teams and Alphabet 's Google Meet , which provide similar video conferencing services. However, according to famous technology investor Cathie Wood, Zoom's fortunes could change dramatically as it embraces new opportunities.
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