The US Supreme Court dismissed an NVIDIA case it previously agreed to hear as “improvidently granted.” In other words: “Oops, we never should’ve taken this one.” The decision lets most of the lawsuit, brought by shareholders against the chip maker, proceed.
An investment firm and a pension fund brought the case against NVIDIA, claiming the company misled investors about its reliance on the crypto-mining industry. The suit claims NVIDIA concealed its dependence on the market before a 2018 crash that sunk the chip maker’s stock prices. (For better or worse, cryptocurrency has rebounded, and
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