The Supreme Court's dismissal of Nvidia's appeal means the investor lawsuit over alleged misleading claims about cryptocurrency impact will proceed in lower courts.
Investors alleged Nvidia made materially false claims about its revenue growth being closely tied to the volatile cryptocurrency market, which they argue it downplayed.
Nvidia previously settled charges with the SEC for $5.5 million regarding obscuring its revenue's link to the cryptocurrency market, without admitting wrongdoing.
Nvidia spokesperson John Rizzo emphasized the importance of predictable standards in securities litigation for protecting shareholders and maintaining a strong economy.
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