Nvidia lawyer pushes court to dismiss cryptocurrency mining chip lawsuit

Graphics card manufacturer Nvidia has argued that investors cherry-picked corporate statements while ignoring others that supposedly showed transparency, as a lawsuit over its failing cryptocurrency mining chips intensifies.

Nvidia‘s legal counsel also claimed that investors can’t rely on “speculative expectations of third-party analysts” as the basis of their suit, which should be dismissed, Law360 reports.

Spurned investors have alleged that Nvidia‘s financial reports misled them into believing that high-demand for its gaming chips was entirely separate from the cryptocurrency boom.

Their suit claims the firm had told analysts that most of its cryptocurrency-related sales came from its Crypto SKU, a cryptocurrency-mining chip released in May 2017.

Miners were instead still buying their gaming-specific chips to generate cryptocurrency before the Crypto SKU flopped. Nvidia‘s gaming revenues reportedly continued…