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Chegg stock got crushed on warnings about ChatGPT's popularity slowing its sales growth next quarter. Longer-term, Chegg plans to incorporate OpenAI software into its offerings to speed growth and red
Chegg CEO Dan Rosensweig told CNBC late Tuesday that the stock's 48% plunge during regular trading hours was "extraordinarily overblown."
Chegg stock fell nearly 50% on Tuesday, following the company's earnings release. Chegg CEO Dan Rosensweig said buzz around ChatGPT was weighing on its new customer growth.
Stock exchange companies threatened by Chegg observation that ChatGPT has hit revenues
Shares in Pearson PLC (LSE:PSON) jumped over 9% to 823.79p on Wednesday morning, recovering some of the ground lost the day before due to worries raised by online learning company Chegg about losin
Chegg's stock was almost halved on Tuesday after CEO Dan Rosensweig warned that OpenAI's ChatGPT was "having an impact" on customer growth.
Dan Rosensweig, Chegg CEO, joins 'Closing Bell: Overtime' to discuss the company's earnings and how A.I. worries have impacted the stock.
Chegg shares fell roughly 50% on news that it was being disrupted by the new AI chatbot. This appears to be the first large-scale sell-off in response to the ChatGPT disruption.
CNBC's Deirdre Bosa reports on Chegg as the shares of a California education company dropped more than 40%.
Chegg's Q1 results were slightly better than analysts' expectations. However, management believes it's losing subscribers because students are turning to ChatGPT instead.
Chegg's boss said ChatGPT was "having an impact on our new customer growth."

Chegg shares nosedive on CEO's ChatGPT warning

12:11pm, Tuesday, 02'nd May 2023
Chegg Inc stock lost almost half its value on Tuesday after the online learning platform's CEO Dan Rosensweig said that OpenAI's artificial intelligence-powered language bot ChatGPT is impacting its n
Yahoo Finance Live's Julie Hyman, Brad Smith, and Josh Schafer discuss the decline in stock for Chegg and recap CEO Dan Rosensweig's remarks on AI.

Chegg Stock Crashes on ChatGPT Competition

10:49am, Tuesday, 02'nd May 2023
The shares of Chegg Inc (NYSE:CHGG) are plummeting today, down 46.3% at $9.43 at last glance -- earlier hitting a six-year low of $8.93.
Study-materials provider sees spike in student interest in generative AI
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