Nvidia has recently come under increased legal pressure as the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) officially backed a class-action lawsuit filed by investors against the company. The lawsuit alleges that Nvidia intentionally concealed over $1 billion in revenue from the sale of its GPUs to cryptocurrency miners. The lawsuit, first filed in 2018, accuses Nvidia of downplaying the impact of crypto mining on its revenue streams. Investors claim that Nvidia misled the market about its dependence on sales to crypto miners, inflating the company’s stock prices. When the cryptocurrency market crashed in 2018, Nvidia’s stock plummeted, prompting investors to take legal action.

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The market is very news-manipulative
The company is quite overvalued 497 $degen