Update on NVIDIA ($NVDA) Crypto-Mining Revenue Masking, False Segment Disclosures, and Gaming Demand Fabrication Case

Court: N.D. California

Case: 4:18-cv-07669

On December 21, 2018, NVDA shareholders filed a class action against NVIDIA, accusing it of concealing cryptocurrency-related revenue and misleading investors about the true drivers of its GPU sales.

What is this lawsuit about?

Between May 10, 2017, and November 15, 2018, NVIDIA repeatedly stated that growth in its Gaming segment was driven by demand from gamers, downplaying the impact of crypto-miners. Executives claimed that crypto-related sales were isolated to a separate OEM segment.

However, internal data showed that 60–70% of GeForce GPU sales in key markets like China were actually driven by crypto-miners. CEO Jensen Huang received regular updates confirming non-gaming activity and approved engagement with large-scale mining firms. Meanwhile, NVIDIA continued to present its Gaming business as stable and gamer-focused.

On November 15, 2018, NVIDIA missed earnings expectations and admitted to oversupply in GeForce inventory caused by weakening crypto demand. Over two trading sessions, NVDA dropped 28.5%.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify NVDA investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements.

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