Chegg's market value has dropped by 48% due to the rise of rival AI-powered learning platform ChatGPT. Despite partnering with OpenAI to create CheggMate, an AI learning companion, it hasn't stopped the loss in subscribers. Chegg did not provide revenue forecasts for the second half of 2021.
Nvidia reaches a $1tn market value and becomes the first chipmaker to do so. The demand for its AI chips has driven the surge, with growth expected to continue.