Investor Claims In NVIDIA Stock-Drop Suit Missed The Mark, Company Argues

Mealey's (November 12, 2021, 10:06 AM EST) -- SAN FRANCISCO — A federal district court did not err in dismissing shareholder claims against graphics processing unit (GPU) manufacturer NVIDIA Corp. and certain of its senior executives stemming from alleged misstatements the defendants made pertaining to the impact of cryptocurrency mining on the company’s revenues because the court correctly determined that the shareholders failed to properly plead any material misrepresentation or omission or scienter in bringing their federal securities law claims, NVIDIA argues in a Nov. 10 appellee brief filed in the Ninth Circuit U.S. Court of Appeals....