The Supreme Court appears poised to allow a class-action lawsuit against Nvidia, stemming from allegations of misleading investors about its dependency on cryptocurrency mining.
After a significant decline in cryptocurrency profitability negatively impacted Nvidia's financials, justices expressed skepticism about the tech company's appeal regarding the ongoing class-action lawsuit.
Justices Elena Kagan and others voiced concerns, questioning the rationale behind taking on Nvidia's appeal, which was further complicated by prior settlements with the SEC.
Despite the ongoing lawsuit, Nvidia has emerged as a leader in the artificial intelligence sector, with strong market standing amidst heavy investments in its chip technology.
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