US Supreme Court lets lawsuit against Nvidia for misleading investors on crypto sales proceed.

The US Supreme Court has allowed a lawsuit against Nvidia to proceed, accusing the company of misleading investors about its reliance on cryptocurrency mining sales. The case, filed in 2018, was backed by the Biden administration and comes amid China's investigation into Nvidia for potential anti-monopoly violations. Nvidia had previously settled similar charges with US regulators for $5.5 million. Despite these legal issues, Nvidia’s stock has surged 180% this year.

4 months ago
81 Articles