U.S. Supreme Court,
Securities,
9th U.S. Circuit Court of Appeals
Nov. 14, 2024
Justices skeptical of Nvidia's argument in crypto sales boost case
Nvidia's company leaders couldn't track revenues from cryptocurrency mining because the data didn't exist, Neal K. Katyal, a partner with Hogan Lovells US LLP, told the U.S. Supreme Court.
Nvidia Corp. has become one of the world's most valuable companies based on its leadership in computer chips used in artificial intelligence. But in 2017 and 2018, the company was profiting in part because its sales were getting a boost from cryptocurrency mining.
The U.S. Supreme Court on Wednesday considered whether the company's leaders -- including CEO Jensen Huang -- misled investors by not revealing that sales got a significant increase, and then a drop, over those t...
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