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People suing nvidia about their 2018 quarterly reports is actually what happened, the SEC fining them years later is just the cherry on top.

See for example case 18-cv-7669 by the "Ironworkers Local 580 Joint Fund" from late 2018, which was later merged with a class action lawsuit.

Nvidia talked about crypto in their 2018 quarterly filings but they allegedly downplayed the effect on the company.

Analysts upgraded their rating, growth prediction of 17%, shares trading at record price. (for the time, not comparable to today)

In the last quarter of 2018 crypto crashed, nvidia revenue dropped by 7%, and the share price by 29%



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