Can Chegg’s AI Pivot Save It From Disruption?
Key PointsChegg is one of the biggest consensus “AI losers,” or companies that will be negatively affected by AI developments.The stock declined nearly 50% after its most recent earnings report.But Chegg is responding with a chatbot of its own and it just might work.5 stocks we like better than CheggOn Monday, Chegg (NYSE:CHGG) announced that it is laying off 4% of its workforce and parlaying the cost savings into executing its AI strategy. Chegg has been one of the headline “AI losers,” or companies that see their business model under threat due to the rise of AI chatbots like ChatGPT. The ef...