Nvidia Faces Class Action Over Alleged Crypto Mining Revenue Concealment

TLDR: A federal court certified a class action covering Nvidia investors between August 10, 2017, and November 15, 2018. Plaintiffs allege Nvidia hid over $1 billion in crypto-related GPU sales within its gaming revenue segment. Nvidia’s stock dropped nearly 28.5% in two sessions after CFO Colette Kress disclosed crypto inventory issues. The SEC previously fined [...]

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