Nvidia faces class action over crypto revenue disclosures

A federal judge has certified a class of investors accusing Nvidia and CEO Jensen Huang of concealing the extent of cryptocurrency mining's impact on the company's gaming GPU revenue between 2017 and 2018. The judge rejected Nvidia's attempt to dismiss the case, finding that investors met the legal standard to proceed as a group. The lawsuit alleges that Nvidia's public statements misrepresented crypto-related revenue as insignificant, when in reality, a substantial portion originated from this sector, not just the OEM segment as claimed.