The near halving of a small US tech stock whose earnings have been hit by ChatGPT shows investors need to consider AI a threat to their portfolio as well as an opportunity.
If you’re anything like Chanticleer, you’ve probably never heard of Chegg, a New York-listed company that provides education technology products.
But the near halving of the company’s share price in a single trading session is a warning sign of the disruptive power of artificial intelligence that investors shouldn’t ignore.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
