Nvidia and Ralph Lauren are seen as top picks by analysts, while Chegg faces headwinds from artificial intelligence. Nvidia’s new Blackwell chip is expected to drive growth, while Ralph Lauren’s focus on younger consumers and direct-to-consumer sales is seen as positive. Jefferies downgraded Chegg due to concerns about competition from AI tools.
Results for: Chegg
Chegg, a leading online education company, is facing significant challenges as it struggles to adapt to the rapid advancement of artificial intelligence (AI). Once a high-flying stock, Chegg’s share price has plummeted by 94% since its peak in 2021. The company’s failure to prepare for and execute its AI strategy has been a major factor in its decline.