Nvidia is taken to court: once fattened by "mining profits", now facing liquidation?

Breaking news: A U.S. federal judge has approved a class-action lawsuit against Nvidia (NVIDIA) and CEO Jensen Huang.

Investors accuse Nvidia of deliberately downplaying the dependence of graphics card revenue on cryptocurrency mining demand during the 2017-2018 period, even being questioned for concealing over $1 billion in sales revenue from graphics cards related to mining.

More critically:

These mining revenues may have been largely realized through GeForce gaming graphics cards, yet counted under "gaming business", leading the market to misjudge Nvidia's true growth sources.

As early as 2022, the SEC fined Nvidia $5.5 million for issues related to information disclosure.

Did you think this was just a lawsuit?

No, this is telling the market one thing: The cryptocurrency cycle once drove the profits of Wall Street giants. Back then, miners buying cards put Nvidia on a pedestal, and now as the market shifts, capital is coming back to "settle accounts".

Retail investors only see the rise and fall of coin prices, while the major players see: the cryptocurrency market has deeply impacted traditional finance. #特朗普希望尽快结束对伊朗战争 #美国加密法案再次遇阻 #美伊和谈陷僵局 #特朗普缓和局势 #币安人生 $BTC $ETH $BNB