🚨 MARKET REACTS
The shares of #NVIDIA ( #NVDA ) plummet by 2% as a judge gives the green light to the class action lawsuit for the "Crypto-Deception"
Following the announcement of the certification of the class action lawsuit, Nvidia's (NVDA) stock has suffered a significant drop today, Thursday, March 26, 2026. At 10:11 a.m. EDT
The stock price fell to $175.11.
This represents a decrease of -3.57 points.
In percentage terms, it is an exact drop of -2.00% so far in the trading session.
The Judicial Setback that Drives the Drop:
This drop is a direct reaction to the order from federal judge Haywood S. Gilliam Jr., issued yesterday Wednesday, which officially certifies a class action lawsuit from investors against Nvidia and its CEO, #JensenHuang . This means that thousands of investors who bought Nvidia shares between August 10, 2017, and November 15, 2018, can file claims collectively.
The crux of the matter: Hiding the 'Crypto-Boom'
The lawsuit alleges that, between 2017 and 2018, Nvidia systematically concealed the true scale of its revenues from cryptocurrency mining. Executives publicly characterized these revenues as insignificant when, in reality, estimates suggest that nearly two-thirds of gaming GPU (GeForce) revenues came from crypto miners.
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