NVIDIA Investors’ Cryptocurrency Mining Claims Revived in Part

NVIDIA Corp. investors can proceed with securities fraud claims against the company and its CEO over product sales that slumped with a 2018 cryptocurrency downturn, the Ninth Circuit ruled Friday.

The investors adequately alleged that NVIDIA co-founder, president, and CEO Jensen Huang knowingly or recklessly misrepresented the portion of graphics processing unit sales related to the volatile market of cryptocurrency miners, Judge William A. Fletcher said for the 2–1 appellate panel.

The decision revives the investors’ case over a stock-price drop of more than 28% over two days. The lower court threw out the case in its entirety in March …