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The U.S. Supreme Court is poised to allow a class-action lawsuit against Nvidia Corp. to proceed, which accuses the company of misleading investors regarding its revenue and accounting practices. The lawsuit, initiated in 2018 by a Swedish investment firm, alleges that Nvidia concealed its heavy reliance on cryptocurrency mining chips. During recent hearings, justices expressed skepticism towards Nvidia's defense, indicating potential challenges for the company as it faces growing scrutiny. This legal battle comes at a critical time as Nvidia prepares to release its earnings report on Wednesday, raising concerns about the implications for its stock price and investor confidence.
Okay, let's talk about the legal implications and how this might affect the stock price of NVIDIA $NVDA: Legal Implications: Rules for Companies: There are rules that companies have to follow when they tell everyone how much their stuff is worth. This is to make sure they're… https://t.co/Pr6a5PCqLc
Indeed questions $NVDA has to answer, eventually to provide an official disclosure about, are mounting 🤷🏻♂️ https://t.co/DA1AZ2I7Dt
Lots of questions about one of Nvidia's biggest customers and the timing isn't good for $NVDA as it is set to release earnings after the bell Wednesday. Will Nasdaq try and kick the can with $SMCI to help $NVDA or will it suspend trading IN $SMCI and delist the company this… https://t.co/l4Wv41gcsq https://t.co/VUwujkLNaj
