The U.S. Supreme Court has dismissed an appeal by Nvidia Corp., allowing a securities fraud lawsuit brought by shareholders to proceed. The lawsuit accuses Nvidia of misleading investors about its reliance on cryptocurrency mining revenue. The court's decision leaves in place a lower court's ruling that revived the 2018 class-action lawsuit, which alleges that Nvidia and its CEO Jensen Huang made false statements about the company's revenue growth from crypto-related sales. Nvidia had argued that the plaintiffs failed to adequately show that the company intentionally or recklessly misled investors, but the Supreme Court opted not to decide on the underlying legal dispute, effectively reinstating the appellate court's decision. The lawsuit seeks unspecified monetary damages to recoup the lost value of Nvidia stock held by investors. In 2022, Nvidia settled similar charges with the SEC for $5.5 million without admitting wrongdoing. Nvidia's stock price dropped nearly 30% over two days following the market crash in late 2018.