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Nvidia faces significant legal battle over alleged $1.35 billion in crypto revenue

Class-action lawsuit accused Nvidia of deceit: Nvidia is facing a class-action lawsuit for allegedly underreporting 1,350,000,000 USD in cryptocurrency revenue. This led to 3,800,000,000 USD in losses for investors, raising concerns about transparency during the volatile crypto market conditions.

Nvidia’s financial growth remains robust: Despite legal complications, Nvidia reported a 190% revenue increase in 2023, achieving 35,100,000,000 USD in Q3 alone. This includes a remarkable 111% growth in its Data Center segment, showcasing resilience in the GPU market.

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