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Major manufacturer of graphics processing units (GPUs) and computing hardware Nvidia has filed a motion to dismiss a proposed class-action lawsuit alleging that the firm misrepresented more $1 billion in sales during 2017 and 2018.In addition to its popular ‘GeForce’ and ‘GTX’ products — favored by both gamers and crypto
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An amended class action complaint filed against Nvidia Corp has accused the firm of violating the Securities Exchange Act by downplaying the extent to which its gaming revenues relied on GPU sales to cryptocurrency miners.The complaint, filed May 14, claims that Nvidia issued deliberately misleading statements that understated more than
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Activision Blizzard removed all its games from NVIDIA’s GeForce Now cloud gaming service earlier this week. It has now emerged that NVIDIA had its wires crossed in what the company describes as a ‘misunderstanding.’ The games are likely to return subject to a commercial agreement between the two parties. Earlier this week, NVIDIA
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Nvidia, a technology company which designs graphics processing units for games, has been under fire for allegedly having deceived its investors regarding cryptocurrency mining. The company has recently responded by claiming that the case filed against them by the company’s investors is baseless and has asked the US judge handling
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At a hearing over Nvidia's motion to dismiss in Oakland, California, the firm said Friday that shareholders had "cherry-picked" some company statements in an attempt to show that it had not been transparent over how much of its sales were due to miners, while ignoring others. Source
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Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials.The firm’s Second Quarter Fiscal 2020, published on Aug. 16, revealed $2.58 billion in revenue at earnings of $1.24 per share — as compared with $2.2 billion in the preceding quarter.Still
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