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- April 30th Stock Market Update - ChatGPT use by students forces Chegg and Coursera lower
April 30th Stock Market Update - ChatGPT use by students forces Chegg and Coursera lower
$VEEV $CMG $HCP
Mukund Mohan
April 30, 2024
Market
“Both Coursera $COUR and Chegg $CHGG went lower by 15% and 24% as ChatGPT use is rising among students, leading to both companies lowering their forecast for next year.” 😒 😕
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Before Amazon earnings and Fed watch, stocks took a breather from 3 days of up
The big moves were by Cannabis stocks as Biden administration sought to move reclassify weed as Substance III
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Technology stocks led the recovery after a dismal effort last week
Technology particularly Microsoft and Broadcom led the way lower
Amazon earnings were good after market, with 16% Cloud growth and a double digit EBITDA growth for the first time.
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Today’s video is on Chipotle $CMG the Quick Service Restaurant after last week’s stellar earnings.
