Lawsuits are probably like water off a very fat duck's back to Nvidia, but that doesn't mean it'll just roll over for them. In fact, it looks like the chip giant would rather have them dismissed before they even enter litigation.
The US Supreme Court has just heard Nvidia's appeal against a lower court's decision to move forward with a class action lawsuit from 2018 (via Reuters).
This lawsuit claims that Nvidia misled its investors by downplaying how much of its sales and revenue depended on the crypto market, thereby breaking the 1934 Securities Exchange Act.
We've already seen Nvidia pay out for not disclosing such crypto dependency. In 2022, Nvidia settled for $5.5 million with the Securities and Exchange Commission for not adequately disclosing the extent to which crypto mining was responsible for its GPU sales and revenue.
Which, one might remember, was an extent great enough for scalpers to go crazy for the RTX 30-series and for Nvidia to push out «Lite Hash Rate» (LHR) versions of its graphics cards.