Chegg shares rebound with 17% pop after losing almost half their value on ChatGPT concerns

Chegg’s stock returned to the plus side on Wednesday after the online education company lost half its value a day earlier due to concerns about the potential impact of ChatGPT on its business.

As of early afternoon New York time, Chegg shares were up 17% to $10.63. But that’s still way below Monday’s closing price of $17.60.

CEO Dan Rosensweig told CNBC after the market close on Tuesday that the…