The US Supreme Court has blocked Nvidia's appeal, permitting a shareholder lawsuit to advance, accusing the tech firm of misleading investors about its revenue from cryptocurrency mining. Nvidia's shareholders allege that CEO Jensen Huang concealed the dependency on crypto mining for revenue growth during 2017-2018.

The lawsuit, considered a significant move for corporate accountability, is set to continue in federal district court. Nvidia's argument that the details are insufficient for further legal proceedings was dismissed.

In 2018, a crypto market crash led to Nvidia's drastic revenue drop, with stock prices plummeting. However, despite ongoing legal challenges, Nvidia's stock increased by 190% this year, influenced by strong GPU demand for Bitcoin mining.

Additionally, Nvidia reported substantial financial growth with a 95% year-over-year revenue surge, focusing on diversifying business operations beyond gaming and crypto mining. The company plans to venture into infrastructure for humanoid robotics, having hit a $3 trillion market cap.