Hi dear Tigers,To encourage more high-quality content and enhance community engagement, we are excited to introduce the newly launched [IDEA] logo to the community! This logo is designed for posts that are insightful, opinionated, well-reasoned, or carefully curated and analyzed.Similar to the existing [PICK] logo, [IDEA] will become a distinctive symbol in the Tiger community, representing the value of a post.What is the [IDEA] logo?The [IDEA] logo is an honor bestowed by our community for posts that are insightful, opinionated, well-reasoned, or carefully curated and analyzed. Unlike the [PICK] logo, which is focused on "deep original content," [IDEA] emphasizes the uniqueness and creativity of a post, highlighting individual investment perspectives and valuable information. How can my p
On Dec. 11, 2024, the U.S. Supreme Court rejected NVDA's appeal of a $1 billion class-action lawsuit, adding to the company's legal scrutiny. First filed in 2018, the case alleges that the GPU giant underreported cryptocurrency mining sales during a shaky crypto market period, causing investors millions of dollars in losses.GuruFocus has detected 4 Warning Signs with NVDA.The Supreme Court ruling left the case intact; the Ninth Circuit Court of Appeals ruling upheld the territorially based suit against the county. They allege NVIDIA understated crypto-related revenue by $1.35 billion, which cost investors $3.8 billion. This resulted in a 30% drop in the company's share price when crypto-driven GPU sales collapsed in late 2018.NVIDIA is under pressure from the Department of Justice and the Securities and Exchange Commission, which has backed the lawsuit. 'We would have liked for a decision affirming the trial court's dismissal, but are ready to defend ourselves.'