US Supreme Court to Hear Nvidia Crypto-Mining Revenue Fraud Case

Jun 17, 2024, 01:40 PM

The US Supreme Court has agreed to hear a case involving Nvidia's crypto-mining revenue, which could potentially make it more difficult for shareholders to press securities fraud lawsuits. Nvidia, an artificial intelligence chipmaker, is accused of misleading investors about the extent of its sales to the volatile cryptocurrency industry. The case, brought by shareholders, aims to address whether Nvidia's disclosures were sufficient and accurate. The Supreme Court's decision to hear the case was made on Monday and could scuttle the shareholders' lawsuit.