Education stocks plummeted after Chegg's CEO warned about ChatGPT – but don't write off entire sectors just yet
It can be tempting for investors to see disruptive technology like ChatGPT as aBut it's narrow-minded to write off a whole sector based on Rosensweig's warning alone, according to multiple analysts.
"It's not a zero-sum game and you could ultimately see that even though AI is having a big negative impact on Chegg, it doesn't have to be all negative for all their peers," Minerva Analysis founder Kathleen Brooks told Insider. Companies from other sectors have already seen their share price benefit from the disruption caused by ChatGPT.stock surged over 200% in a day after the digital media company said it'd use OpenAI to write some stories, although it has slumped since on news of widespread layoffs.
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