Supreme Court to Rule on Nvidia Shareholder Lawsuit

The U.S. Supreme Court appears poised to issue a limited ruling in a class-action lawsuit against Nvidia, which accuses the company of misleading investors about its reliance on cryptocurrency mining revenue. During oral arguments, justices questioned the necessity of the appeal, with Chief Justice John Roberts noting that both sides oversimplified their cases. The lawsuit stems from allegations that CEO Jensen Huang misrepresented the company's revenue sources, leading to a significant stock price drop in late 2018. Nvidia has argued that the lawsuit lacks the specificity needed to proceed, while some justices suggested it might be sent back to the lower court. Despite these legal challenges, Nvidia continues to thrive, with a stock price increase driven by surging demand for its chips in AI and crypto mining. The company also faces regulatory scrutiny, including a subpoena from the DOJ amid an antitrust investigation.