Online education company Chegg's warning last week about the dent ChatGPT has put in its business sent the stocks of many edtech firms reeling, but the market is making a mistake putting all of these companies in the same bucket, PowerSchool CEO Hardeep Gulati told CNBC in an interview. The market has a "complete misunderstanding" of the threat AI poses to PowerSchool, he said.
mountain Chegg shares fell to a low of $8.72 on May 2.