In brief
- Nvidia now faces a certified class action over crypto-linked revenue disclosures.
- The case centers on claims Nvidia hid more than $1 billion in crypto-related GPU sales.
- The ruling allows investors to pursue claims together as the case moves toward trial.
A federal judge has certified a class of investors alleging that American tech giant Nvidia and its CEO, Jensen Huang, concealed the extent to which the company’s gaming GPU revenues depended on sales tied to crypto mining between 2017 and 2018.
Nvidia was unable to show that its statements about crypto mining revenue had no effect on its stock price, according to an order filed Wednesday by Judge Haywood S. Gilliam Jr. in California federal court.
Investors first sued Nvidia in…
