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Nvidia must face lawsuit alleging it downplayed crypto’s impact on its success
It settled similar claims with the SEC without admitting wrongdoing.
Nvidia must face an investor lawsuit claiming it misled shareholders about the impact of the cryptocurrency market on its sales after the Supreme Court dismissed the company’s appeal. Investors alleged that Nvidia and its top executives made materially false claims downplaying the impact of the volatile cryptocurrency market on its revenue growth, and exaggerating its ability to adapt its changes. “We would have preferred a decision on the merits affirming the trial court’s dismissal of the case, but we are fully prepared to continue our defense,” Nvidia spokesperson John Rizzo says in a statement.
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