Class action alleges Nvidia hid more than $1B crypto-GPU income within its gaming revenues — investor lawsuit concerns business spanning 2017 and 2018

A class action lawsuit against Nvidia alleges that the company concealed over $1 billion in cryptocurrency GPU revenue within its gaming segment between 2017 and 2018. The lawsuit claims that Nvidia downplayed the impact of crypto mining on its business despite evidence suggesting otherwise. Investors are concerned about the risk profiles associated with relying on crypto revenue rather than the more stable PC gaming market. Nvidia's CFO mentioned a "sharp crypto falloff" in 2018, leading to a significant drop in the company's stock value. The case is set to proceed following a federal judge's certification of the class action.