{"id":144591,"date":"2024-12-12T12:30:34","date_gmt":"2024-12-12T10:30:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144591"},"modified":"2024-12-12T12:30:47","modified_gmt":"2024-12-12T10:30:47","slug":"u-s-supreme-court-lets-nvidias-crypto-lawsuit-move-forward","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-supreme-court-lets-nvidias-crypto-lawsuit-move-forward\/","title":{"rendered":"U.S. Supreme Court Lets Nvidia’s Crypto Lawsuit Move Forward"},"content":{"rendered":"

This legal battle<\/a> <\/strong>stems from allegations that Nvidia misrepresented the role cryptocurrency mining played in driving the company’s revenue growth before the market’s downturn.<\/p>\n

Shareholders claim that CEO Jensen Huang failed to disclose the significant reliance on crypto sales, particularly its GeForce GPUs, in Nvidia\u2019s revenue surge between 2017 and 2018. The lawsuit argues that this omission misled investors and inflated the company\u2019s market position ahead of the 2018 crypto crash, which saw Nvidia\u2019s stock plummet by over 28%.<\/p>\n

While Nvidia attempted to have the case dismissed, arguing it lacked sufficient evidence, the court\u2019s decision is being hailed by shareholders as a win for corporate transparency. The case will now continue in federal district court in Oakland, California.<\/p>\n