NVIDIA's stock fell 7% after a US judge allowed a class action lawsuit alleging the company concealed over $1 billion in crypto-mining revenue to proceed. The lawsuit claims NVIDIA misled investors by attributing increased revenue to gaming demand while downplaying the impact of cryptocurrency miners. Internal documents suggest undisclosed crypto-related GPU revenue ranged from $1.1 billion to $1.35 billion.
The lawsuit, originally filed in 2018, argues that NVIDIA funneled miner orders through consumer gaming cards, inflating perceived gaming growth. Despite NVIDIA's defense that crypto mining was a minor part of its business, the court certified the class action, citing internal emails and testimony as evidence of market impact. NVIDIA's stock is currently trading at $172, down 18% from its peak last October.
NVIDIA Faces Class Action Over Alleged $1 Billion Crypto Revenue Concealment
Sorumluluk Reddi: Phemex Haberler'de sunulan içerik yalnızca bilgilendirme amaçlıdır. Üçüncü taraf makalelerden alınan bilgilerin kalitesi, doğruluğu veya eksiksizliğini garanti etmiyoruz. Bu sayfadaki içerik finansal veya yatırım tavsiyesi niteliği taşımaz. Yatırım kararları vermeden önce kendi araştırmanızı yapmanızı ve nitelikli bir finans danışmanına başvurmanızı şiddetle tavsiye ederiz.
