On Sunday, it was still an investigation. By Monday, it had become a lawsuit.
On November 9, Rosen Law Firm sued Nvidia and Jensen Huang in the U.S. District Court for the Northern District of California, alleging that they concealed their relationship with Megaspeed. Four law firms followed suit the same day. The Commerce Department has referred its investigation to the Justice Department, and the House wants Huang to give a closed-door briefing on the 18th. Nvidia reports earnings on the 17th.
Nvidia shares closed at $178.67 on Monday, down 4.27%, after falling nearly 9% at one point during the session. To be clear: these are all allegations.
CZ also took the opportunity to promote Binance’s tokenized NVDA stock. With U.S. markets closed over the weekend, Binance’s NVDA contract briefly traded 4.2% below Friday’s close, with $360 million in 24-hour trading volume—the highest of any tokenized stock. His line, “24/7 trading means you can get ahead when news breaks over the weekend,” wasn’t just a slogan for once. Someone really did get out ahead of the news.
Law firms are calculating damages, Washington is counting chips, and CZ is counting on a product.
Do you think 24/7 trading in tokenized stocks is an opportunity—or just another trap?
#InterestsBehindTheHeadlines,#Nvidia
On November 9, Rosen Law Firm sued Nvidia and Jensen Huang in the U.S. District Court for the Northern District of California, alleging that they concealed their relationship with Megaspeed. Four law firms followed suit the same day. The Commerce Department has referred its investigation to the Justice Department, and the House wants Huang to give a closed-door briefing on the 18th. Nvidia reports earnings on the 17th.
Nvidia shares closed at $178.67 on Monday, down 4.27%, after falling nearly 9% at one point during the session. To be clear: these are all allegations.
CZ also took the opportunity to promote Binance’s tokenized NVDA stock. With U.S. markets closed over the weekend, Binance’s NVDA contract briefly traded 4.2% below Friday’s close, with $360 million in 24-hour trading volume—the highest of any tokenized stock. His line, “24/7 trading means you can get ahead when news breaks over the weekend,” wasn’t just a slogan for once. Someone really did get out ahead of the news.
Law firms are calculating damages, Washington is counting chips, and CZ is counting on a product.
Do you think 24/7 trading in tokenized stocks is an opportunity—or just another trap?
#InterestsBehindTheHeadlines,#Nvidia