U.S. authorities take action against Nvidia for allegedly hiding crypto revenue

In an unexpected turn of events, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have taken strong measures to support the recently revived class action lawsuit against Nvidia (NASDAQ: NVDA).The legal battle centers on the accusation that the semiconductor business misrepresented the source of over $1 billion in GPU sales. Nvidia attributed it to gaming-related demand, while the case alleges that this was an intentional misdirection and that the revenue was driven by GPU sa ...