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Supreme Court Allows Class-Action Lawsuit Against Nvidia

A sign to a Nvidia office building is shown in Santa Clara, Calif., on Aug. 7, 2024. (AP Photo/Jeff Chiu, File)

The Supreme Court has made a significant decision regarding a class-action lawsuit against Nvidia, a leading microchip company. The lawsuit accuses Nvidia of misleading investors about its historical reliance on selling computer chips for cryptocurrency mining. The court's ruling, issued this week, allows the lawsuit to move forward.

China has also announced an investigation into Nvidia for potential violations of anti-monopoly laws. This development adds to the legal challenges facing the company.

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