Nvidia urges U.S. judge to dismiss investor suit

According to Bitcoinist, Nvidia urged U.S. judges to dismiss investors' lawsuits. Investors said Nvidia had misled them about crypto mining revenue. The company claims that the plaintiff had carefully selected information and relied on analysts who were apparently guessing its financial situation. The case was initially filed in December 2018, when the third quarter results were disappointing and the stock price fell sharply. Investors sued because the company misled everyone about cryptocurrency mining needs. Nvidia said analysts were surprised by third-quarter results because they used a flawed model that assumed demand for gaming chips was static.