Nvidia dealt blow as top court opens door for shareholder suit

The US Supreme Court dismissed an appeal by Nvidia, leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the run-up to a market crash. The dismissal came four weeks after several justices questioned whether the case presented the type of broad legal issue that would warrant a Supreme Court ruling. Nvidia, the world’s most valuable company, contended the shareholders’ lawsuit lacked enough specificity to go forward to the evidence-gathering stage of litigation.