Nvidia Faces Class Action Lawsuit Over Non-Disclosure of Cryptocurrency Earnings

On the 26th, the U.S. Federal Court officially recognized a class action lawsuit filed by a group of investors against Nvidia and its CEO Jensen Huang. The lawsuit claims that from August 2017 to November 2018, the company concealed over $1 billion in revenues from GPU sales related to cryptocurrency. This recognition allows the investors to proceed with the lawsuit as a group, moving forward with the legal processes towards a trial. The crux of the lawsuit centers on how Nvidia's gaming division's sales were significantly dependent on sales to cryptocurrency miners...