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US government backs lawsuit claiming Nvidia misled investors on crypto mining revenue

The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have supported a class-action lawsuit against Nvidia, accusing the company of misleading investors. According to court filings, both agencies submitted an amicus brief backing Nvidia investors who allege that the firm misrepresented the impact of crypto mining on its 2017/2018 revenue. дальше »

2024-10-4 12:33


Nvidia Claims Investors’ Cherry-Picking Information, Not Misled about Crypto Mining Boom

Nvidia has urged a California federal judge at a hearing on Friday to dismiss a case against it brought by investors who claim that the company misled them about cryptocurrency mining revenues. The American technology company that designs graphics processing units (GPUs) says the plaintiff cherry-picked information and relied on a Morgan Stanley analyst and […] дальше »

2019-12-8 19:05


Meteoric Bitcoin Rally Won’t Rescue Nvidia’s Flailing Stock

By CCN: Nvidia previously blamed its negative earnings report on “crypto winter,” the vaunted extended bear market which Bitcoin appears to have finally exited. The incredible rally of the past couple weeks means many industries related to crypto will see increased demand and valuation – everything from mining to software development will be in fashion again. дальше »

2019-5-17 20:39


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After Google, Walmart is reportedly building a game streaming service

USgamer reports that retail giant Walmart is working on a game streaming service, hopping on the now-heavily-burdened bandwagon that includes Google, Nvidia, Microsoft, Amazon, and Sony. That’s from the media outlet’s sources, which say that the company has been in talks with game developers and publishers about it over the past few months. дальше »

2019-3-21 14:38


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Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall Short By $700M Due To Falling Crypto-related GPU Demand

Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital currencies, the company’s GPUs were selling like hotcakes as crypto miners, who were busy building their mining rigs back then, snapped up stock worth $776 million in 2017 alone. дальше »

2018-11-16 16:09