New Scienter Allegations Do Not Help Investor Claims In NVIDIA Securities Suit

Mealey's (March 4, 2021, 1:50 PM EST) -- OAKLAND, Calif. — A federal judge in California on March 2 granted a motion to dismiss filed by graphics processing unit (GPU) manufacturer NVIDIA Corp. and certain of its senior executives in a securities class action stemming from alleged misstatements the defendants made pertaining to the impact of cryptocurrency mining on the company’s revenues, ruling that the lead plaintiffs once again failed to sufficiently plead scienter in making their federal securities law claims....