Industry Newsgpuscrypto miningnvidiaclass action
Nvidia Faces Certified Class Over Crypto-Revenue
7.2
Relevance Score
A federal judge on Wednesday certified a class of investors accusing Nvidia and CEO Jensen Huang of concealing over $1 billion in crypto-related GPU sales from August 2017 to November 2018. Judge Haywood S. Gilliam Jr. found evidence of price impact, citing internal emails and November 15, 2018 disclosures that preceded a roughly 28.5% stock drop. A case conference is set for April 21.
Scoring Rationale
Authoritative court certification gives industry-relevant legal update, but it is procedural and lacks new technical developments or broad market disruption.
Sources
- Read OriginalNvidia to Face Class Action Lawsuit Over Alleged Crypto Mining Revenue Gapsdecrypt.co
