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Against the Corporation-manufacturer of graphics chips and Nvidia filed a class action lawsuit in which it accused of misleading investors about the company’s ability to track changes in the cryptocurrency market and to be adjusted based on this information the activity.

According to representatives of the legal company Schall, the leadership of Nvidia said that the decline in demand for GPU for cryptocurrency mining will not have a negative impact on the company, as this equipment popular in the market of computer games. However, the situation on the stock market and the refusal of miners from products Nvidia has affected the performance indicators of the company.

In Schall urge shareholders who feel harmed by the actions of Nvidia, to join the lawsuit.

Recall that, by the end of the third quarter, the OEM direction of Nvidia for the year declined by 23% “because of the lack of mining activity.” And the warehouses of the company for the quarter accumulated production of more than $70 million, according to the results of 9 months is $124 million, said the head of Nvidia Gensun Juan (Jensen Huang), the price of gaming graphics cards grew on the background of crypto-currency boom that has alienated some users, however, when the “cryptocurrency madness” is over, prices have decreased and the expected increase of sales volume in traditional segment for the company, but the process was delayed.

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