Supreme
Court Signals Narrow Ruling
on Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia Shareholder Case
Supreme Court justices indicated they may deliver a limited ruling in a
shareholder lawsuit against Nvidia Corp• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia. The alleged lawsuit claims that the
company misrepresented its reliance on crypto mining revenue to investors.
During Wednesday’s hearing, several justices questioned whether the Supreme
Court should have taken Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia’s appeal, noting the absence of broader legal
implications. Chief Justice John Roberts remarked that both sides had
oversimplified their arguments.
Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia Crypto Revenue Under Scrutiny
Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia shareholders claim CEO Jensen Huang misrepresented revenue drivers in
2017 and 2018. They allege that while the company’s GeForce GPUs were marketed
as gaming products, significant sales were associated with crypto mining .
Sponsored
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This exposure to cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта volatility led to a steep revenue miss in late
2018, causing shares to drop by 28% in just two days. Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia argues that the
lawsuit lacks the necessary specificity to advance to the discovery phase.
According to Bloomberg , Justice Amy Coney Barrett floated the idea of sending
the case back to the appeals court, which previously ruled in favor of the
shareholders.
This year, Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia has benefited from surging crypto mining demand, with its
stock up 200%. Bitcoin’s halving earlier this year reduced block rewards,
pushing miners to intensify operations. It eventually boosted demand for
Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia s hardware. Nvidia Corp• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia. stock performance throughout 2024.
Source: Yahoo Finance
Beyond crypto, Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia is expanding into humanoid robotics . The company aims
to provide developers with tools to train robots using human demonstration
data. Ultimately, the goal is to improve human-machine interactions.
Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia’s influence on the market remains strong. Earlier this year, its market
cap exceeded the combined value of all stocks in the Russell 2000 by $10
billion, contributing to 43% of the S&P 500• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » S&P 500’s gains.
Despite its successes, Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia faces regulatory challenges. In September, the
Department of Justice (DOJ) subpoenaed Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia as part of an antitrust
investigation.
The DOJ is examining whether Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia’s practices hinder competition, especially
in sectors like crypto and AI.
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