|Bid||0.00 x 3200|
|Ask||0.00 x 3100|
|Day's range||9.18 - 9.61|
|52-week range||8.72 - 30.05|
|Beta (5Y monthly)||1.14|
|PE ratio (TTM)||7.23|
|Earnings date||02 Aug 2023 - 07 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.95|
With just a week to go until his high school exams and feeling uninspired by his textbooks, 17-year-old Australian Justin earlier this year took matters into his own hands. With a simple set of instructions, he asked ChatGPT-4 to teach him the concepts he needed to know, creating his own private tutor. The strategy worked so well that after his exams finished Justin developed more advanced prompts, and uploaded them to coding website GitHub under the moniker “Mr. Ranedeer, AI tutor”.
Mediterranean restaurant chain Cava has filed to go public later this year. Will investors be as satisfied as Cava's customers?
Dutch Bros, Chegg, Impinj and AngioDynamics are part of the Zacks Screen of the Week article.
The basic understanding of toxic stocks can help investors avoid huge losses and derive maximum benefit from their portfolios. Some toxic stocks that investors may consider dumping are BROS, CHGG, PI and ANGO.
Artificial intelligence (AI) is already changing the game for companies. Learning platform Chegg (NYSE: CHGG) spooked investors when it acknowledged that a recent surge in students pursuing ChatGPT had begun hurting its business. Is Chegg facing an existential threat, or is this a near-term scare and buying opportunity for the long-term investor?
Is the gig-economy specialist poised for a rebound, or does a new threat have it on track to go bust?
Chegg stock is down over 60% from its 52-week high, and generative AI may be another headwind for investors.
There are good reasons for that, as SNDL and Chegg face some uncertainty that should make most investors stay a safe distance away from both, at least for now. Canadian cannabis companies have faced severe headwinds over the past couple of years. SNDL has somewhat managed to avoid these issues by diversifying away from its cannabis operations and getting into the liquor retail business.
TAL Education Group (NYSE: TAL) wasn't in a good position to instruct companies on how to boost their stock price this week. The Chinese for-profit learning company's American Depositary Shares (ADSes) moved up only marginally across the five trading days, crawling less than 1% higher according to data compiled by S&P Global Market Intelligence.
This week was not kind to education stocks. The company's share price sank by almost 12% over the course of the five trading days, according to data compiled by S&P Global Market Intelligence, but it wasn't its own fault. Although Chegg saw little impact from ChatGPT at the start of 2023, the situation seems to be rapidly changing.
Shares of UiPath (NYSE: PATH), Shutterstock (NYSE: SSTK), and Duolingo (NASDAQ: DUOL) have seen big losses in this week's trading amid concerns that artificial intelligence (AI) will disrupt their businesses. Online education services company Chegg published its first-quarter results on Monday, and while the company's sales and earnings for the period were better than anticipated, CEO Dan Rosensweig stated that OpenAI's ChatGPT was now hindering the business's customer growth. The warning from the executive triggered wide-ranging sell-offs for companies that could feasibly see negative impacts from disruptive AI technologies.
Shares of Fiverr International (NYSE: FVRR), Upwork (NASDAQ: UPWK), and Wix.com (NASDAQ: WIX) all fell today for the second day in a row as investors continued to respond to the threat from ChatGPT. Yesterday, shares of education stock Chegg (NYSE: CHGG) crashed by nearly 50% after it said that new customer growth had slowed due to competition from OpenAI's chatbot. While Chegg actually recouped some of its losses from yesterday, the three tech platforms above all fell again with Fiverr losing 9.7%, Upwork giving up 7.5%, and Wix closing down 10.8%.
Customers of this business could instead use ChatGPT and get arguably better results for free, compared to paying roughly $15 per month for its services. Fool.com contributor and Finance professor Parkev Tatevosian warned investors months ago to avoid this stock, which is now down over 40% since the company reported earnings.
On Tuesday, an earnings beat from educational software company Chegg (Nasdaq: CHGG) the previous evening somehow managed to spark a sell-off across the educational stocks sector, sending language learning company Duolingo (Nasdaq: DUOL) down 10%, costing Chegg rival Pearson (NYSE: PSO) nearly 15% of its market capitalization, and crashing Chegg itself for a 48.5% loss. Chegg warned investors of the impact ChatGPT was having on its business. After Bank of America called the damage to Pearson stock in particular "overly harsh," that stock had gained 11% by 2 p.m. Wednesday, while Chegg was chugging 13% higher.
Though ChatGPT may be a headwind for Chegg in the near term, it could prove to be a major catalyst for its business over the long haul.
Companies’ shares plunge in London and New York after Chegg report that ChatGPT has hit revenues
Fiverr was one of several companies whose stocks fell on the premise that ChatGPT could threaten their business models.
Yahoo Finance's Brian Sozzi, Allie Garfinkle, and Rick Newman join the Live show from the 2023 Milken Institute Global Conference to discuss how business leader's are addressing the impact of the recent banking crisis and adoption of artificial intelligence.
Yahoo Finance Live hosts Seana Smith and Akiko Fujita highlight several of today's top headlines and what to look out for this week.
Shares of Duolingo (NASDAQ: DUOL) were sliding today even though there was no news out on the popular language-learning app. Instead, Duolingo was falling in sympathy with Chegg (NYSE: CHGG), another education stock whose shares got roasted after the company revealed on its earnings call last night that new user growth was stalling due to competition from ChatGPT. Duolingo closed down 10.2% on the news while Chegg crashed 48.4%.
Chegg blamed ChatGPT for a slowdown in new user growth. Here's what it could mean for other companies potentially affected by the technology.
Yahoo Finance markets reporter Josh Schafer joins the Live show with a report on Chegg and a new warning about how the company will be impacted by ChatGPT.
The share price of learning platform Chegg (NYSE: CHGG) cratered on Tuesday after the company reported solid first-quarter financial results, but warned that its business model is being disrupted by recently debuted artificial intelligence (AI) tools. As of 1:20 p.m. ET, Chegg stock was down by a stunning 49.3% and had hit a six-year low. In the first quarter, Chegg generated net revenue of $187.6 million, ahead of management's guidance range of $184 million to $186 million.
Company’s shares fall 15% after Chegg says ChatGPT is affecting subscriber numbers
Investing.com -- The Dow slumped Tuesday as a sea of red engulfed banking stocks amid fresh worries about the health of regional banks just a day ahead of the Federal Reserve decision.