The US Supreme Court has just heard Nvidia's appeal against a lower court's decision to move forward with a class action lawsuit from 2018 (via Reuters ). This lawsuit claims that Nvidia misled its investors by downplaying how much of its sales and revenue depended on the crypto market, thereby breaking the 1934 Securities Exchange Act.

The Supreme Court seems inclined to let a class-action lawsuit proceed, accusing Nvidia of misleading investors about its reliance on cryptocurrency sales for revenue.

The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency.

The lawsuit alleges the chipmaker hid its dependence on sales to the volatile cryptocurrency market before a crash tanked the value of its stock.

The chip giant frustrated several justices who claimed Nvidia’s shifting arguments forced the high court to intrude on lower court territory.

The U.S. Supreme Court examined Nvidia's attempt to dismiss a securities fraud lawsuit, which alleges Nvidia misled investors about its reliance on cryptocurrency sales. The case's outcome could impact future private securities fraud suits under the 1995 Private Securities Litigation Reform Act.

US Supreme Court justices signaled they are headed toward a narrow ruling on shareholder lawsuits as they weighed an effort to sue Nvidia Corp. for allegedly misleading investors over its dependence on crypto-mining revenue.