Supreme Court tosses Nvidia appeal to dismiss shareholders' fraud lawsuit

The US Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how much of its sales depended on the volatile cryptocurrency market.The justices, who heard arguments in the case on Nov. 13, dismissed Nvidia’s appeal of a lower court’s ruling that allowed a 2018 class action — litigation led by the Stockholm, Sweden-based investment management firm E. Ohman J:o ...