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Nvidia faces lawsuit over $1 billion in undisclosed crypto mining revenue
On March 25, a California federal judge certified an investor class in a securities lawsuit against Nvidia Corporation (Nasdaq: NVDA) and its founder and CEO, Jensen Huang. The lawsuit accuses the company and its CEO of misleading shareholders about its gaming revenue during 2017 and 2018. It specifically focuses on the portion of revenue that came from selling graphics processing units (GPUs) to crypto miners. Founded in 1993, Nvidia is a technology company that became the world's first company to hit $5 trillion in market capitalization last year. With a market cap of $4.26 trillion currently, it is currently the ... (full story)
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