The plaintiffs alleged that Nvidia and the company's CEO Jensen Huang violated a 1934 federal law known as the Securities Exchange Act by making statements in 2017 and 2018 which falsely ...
The grounds that the plaintiffs used was the pronouncement of Nvidia in 2017 and 2018 where the company allegedly downplayed the figure pertaining to the growth of the company derived from crypto ...
Supreme Court clears way for Nvidia class-action suit over alleged cryptomining revenue misrepresentation from 2018. Nvidia faces revived lawsuit as investors claim cryptomining reliance was hidden, ...
They allege NVIDIA understated crypto-related revenue by $1.35 billion, which cost investors $3.8 billion. This resulted in a 30% drop in the company's share price when crypto-driven GPU sales ...
This resulted in a 30% drop in the company's share price when crypto-driven GPU sales collapsed in late 2018. NVIDIA is under pressure from the Department of Justice and the Securities and ...
BEIJING, Dec 12 (Reuters) - Nvidia (NVDA.O), opens new tab said recent social media posts alleging the company would cut supplies to China were false, according to a company post on Chinese social ...
Shareholders claim Nvidia hid its reliance on cryptocurrency mining sales for revenue growth, leading to a sharp stock drop after the 2018 market crash. Despite past challenges, Nvidia’s stock has ...
The Supreme Court on Wednesday dismissed an appeal from Nvidia in a securities lawsuit ... The allegations date back to 2018, after the company announced it missed revenue projections in the ...
This decision allows the lower court’s ruling, which revived the 2018 class action, to stand, Reuters reports. Also Read: Nvidia Hit With Antitrust Probe in China, Stock Slides The plaintiffs ...
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