On March 25, 2026, a federal judge allowed investors to pursue their claims collectively against Nvidia and CEO Jensen Huang in a securities lawsuit. The plaintiffs, who bought Nvidia stock between August 10, 2017, and November 15, 2018, allege that the company understated how much crypto mining demand supported sales of its gaming graphics cards. They claim crypto miners accounted for nearly two-thirds of certain sales segments and that crypto-related revenue exceeded $1 billion during the class period. The class action, led by Lannebo Kapitalförvaltning AB and Stichting Pensioenfonds PGB, is moving toward discovery and a decision on the merits. In 2022, Nvidia separately settled charges with the Securities and Exchange Commission and paid a $5.5 million penalty over inadequate disclosures about crypto mining’s impact on its business.
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