Nvidia must face an investor lawsuit claiming it misled shareholders about the impact of the cryptocurrency market on its sales after the Supreme Court dismissed the company’s appeal. The court said it had “improvidently granted” Nvidia’s petition,

Plaintiffs accused Nvidia and its CEO Jensen Huang of by making statements in 2017 and 2018 that falsely downplayed how much of Nvidia’s revenue growth came from crypto-related purchases.

HIVE Digital Technologies has announced that it will invest $30 million in Nvidia GPU Clusters for its location in Quebec. The investment includes 248 H100 GPUs and 508 H200 GPUs. The purpose of the investment is to improve AI computation capabilities and then monetize them to make the best use of the ongoing AI revolution.

Nvidia stock has experienced an enormous surge this year, climbing over the summer to the position of the top-valued company in the world. The incoming Trump administration’s cryptocurrency enthusiasm also put Nvidia on the map since miners use its servers for their work.

In an unsigned order, the justices dismissed the case against the tech giant as “improvidently granted,” meaning they had concluded that it had been a mistake to take it up.

Bitcoin (CRYPTO: BTC) and Nvidia (NASDAQ: NVDA) have soared this year, outperforming nearly every comparable large-cap investment. As you can see, Nvidia is ahead of Bitcoin, though both investments have more than doubled this year.

At issue was a 2018 suit led by a Swedish investment management firm. It followed a dip in the profitability of cryptocurrency, which caused Nvidia’s revenues to fall short of projections and led to a 28% drop in the company’s stock price. Nvidia had ...

Nvidia 's ( NVDA 3.08%) stock has been a huge winner each of the past two years. After surging over 238% in 2023, the stock has soared approximately 164% this year, as of this writing. Those are two huge back-to-back year gains that have propelled the company to become one of the largest in the world.

Dow Jones futures fell Tuesday as Nvidia stock hits a key resistance level. AI chip stock TSMC broke out past a buy point. Lower valuations are usually the silver lining of a slumping market. Not so much in 2024. The Australian central bank The Reserve Bank of Australia is growing in confidence that inflation is heading sustainably back to target.

Artificial intelligence demand is fueling fast growth in data centers and digital infrastructure stocks, ETFs and REITs.

HIVE Digital Technologies (NASDAQ: HIVE) acquires advanced Nvidia Corp (NASDAQ: NVDA) H100 and H200 GPU clusters in Quebec, Canada, with $30 million investment to strengthen its position in AI and HPC and drive growth in these markets.

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