Chegg (CHEGG) Sells Off After Earnings & ChatGPT Concerns

Chegg (CHGG) sells off after earnings and CEO's warning about ChatGPT. Caroline Woods discusses this as CHGG's adjusted EPS came in at $0.27 versus an estimated $0.34 and its revenue came in at $187.60M versus an estimated $185.25N. She talks about how the CEO said that he believes student interest in ChatGPT is having an impact on new customer growth rate. Caroline then goes over Arista Networks (ANET) whose earnings were released yesterday, May 1st. Adjusted EPS came in at $1.43 versus an estimated $1.35 and revenue came in at $1.35B versus an estimated $1.31B. Tune in to find out more about the stock market today.