Nvidia's current $3.6 trillion market cap reflects its crucial position in the AI sector, but it relies heavily on the chips used in cryptocurrency mining.
The Supreme Court appears skeptical of Nvidia's appeal against a class-action suit alleging misleading statements regarding its financial dependency on the volatile crypto market.
Justice Elena Kagan raised concerns over the relevance of the case during Supreme Court arguments, suggesting doubts about its significance for broader legal principles.
The rapid rise and fall of Nvidia's stock from 2018 highlights the volatility of its earnings tied to both AI advancements and cryptocurrency mining.
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