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,

The Supreme Court has decided a class action lawsuit against Nvidia, alleging it downplayed revenue from sales to crypto miners, can proceed.

Supreme Court allows a class-action lawsuit against Nvidia over alleged investor deception on crypto reliance to proceed in lower courts.

Nvidia's motion to dismiss an investor-led class-action lawsuit alleging understating of crypto mining-related GPU sales was rejected by the Supreme Court, allowing the lawsuit to proceed. The lawsuit, initially dismissed in March 2021, was revived following comments from the U.S. Solicitor General and SEC senior lawyer supporting investor claims.

The US Supreme Court has declined to hear Nvidia Corp.’s appeal, allowing a lawsuit to proceed that accuses the company of misleading shareholders about its dependence on crypto-mining revenue before a market downturn.

The US Supreme Court dismissed an appeal by Nvidia Corp., leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the run-up to a market crash.

The U.S. Supreme Court dismissed on Wednesday an appeal by artificial intelligence chipmaker Nvidia seeking to avoid a securities fraud lawsuit by shareholders who accused the company of misleading investors about how much of its sales depended on the volatile cryptocurrency market.

Shareholders filed a class-action lawsuit claiming they were misled by Nvidia, the microchip-making behemoth that is the world’s second-most-valuable company.