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 ca

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%