The Supreme Court rejected Nvidia's attempt to dismiss a lawsuit accusing the company of downplaying crypto-related GPU sales. The decision, made on Dec. 11 without explanation, allows the case to proceed after being initially dismissed by a California court in March 2021. Nvidia expressed disappointment but is prepared to defend itself. The court's ruling followed support from the U.S. Solicitor General and SEC for the investors' claims. The lawsuit, filed in 2018, alleges Nvidia concealed significant GPU sales to crypto miners. Despite profiting from crypto, Nvidia's focus has shifted to AI development. The company's recent success in AI and accelerated computing has led to record-breaking revenue. The ongoing legal battle highlights the importance of transparency in securities litigation. Nvidia's stance on crypto contrasts with its current AI-driven strategy. Edited by Stacy Elliott. Read more AI-generated news on: https://app.chaingpt.org/news