Supreme Court to Hear Nvidia's Appeal in Shareholder Crypto Lawsuit

Nvidia challenges revived securities fraud case over alleged misleading statements on crypto-mining revenue

The lawsuit accuses Nvidia of downplaying the impact of crypto-mining on its revenue in 2017 and 2018.
Shareholders claim Nvidia's misleading statements led to significant financial losses.
A lower court dismissed the case in 2021, but it was revived by the Ninth Circuit Court of Appeals.
Nvidia argues the lawsuit lacks specific evidence and could lead to speculative litigation.
The Supreme Court's decision could influence future shareholder litigation standards.