US Supreme Court to hear Nvidia bid to avoid securities fraud suit
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The U.S. Supreme Court will hear Nvidia's case to dismiss a securities fraud lawsuit. The lawsuit accuses Nvidia of misleading investors about its sales reliance on the cryptocurrency market.
November 13, 2024 | 11:15 am
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Nvidia is involved in a Supreme Court case to dismiss a securities fraud lawsuit. The lawsuit claims Nvidia misled investors about its sales exposure to the cryptocurrency market.
The Supreme Court hearing could impact Nvidia's stock price negatively in the short term due to the uncertainty and potential reputational damage associated with the securities fraud allegations. Legal proceedings of this nature often create volatility in stock prices.
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