Supreme Court seems likely to allow class action to proceed against tech company Nvidia

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Technology News

Elena Kagan,Business,Washington News

The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency.

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“It’s less and less clear why we took this case and why you should win it,” Justice Elena Kagan said. Nvidia has led the artificial intelligence sector to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to train and operate their AI systems.

 

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