Nvidia is facing a class-action lawsuit over its crypto miner sales, alleging that it misled investors about the volume of sales. This follows the U.S. Supreme Court’s decision on December 11 to dismiss the company’s appeal, effectively reinstating a lawsuit that was previously dismissed by a California district court in 2021.
The lawsuit centers on the allegation that Nvidia’s GPU sales were artificially inflated due to crypto mining demand, particularly during a boom in 2017 and 2018. The sales reportedly collapsed alongside the downturn in the cryptocurrency market in late 2018, causing Nvidia’s share price to drop by nearly 30% over two days.
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<p>The post Nvidia Hit with Class-Action Lawsuit Over Crypto Miner Sales After Supreme Court Denies Appeal first appeared on CoinBuzzFeed.</p>
