US Supreme Court examines Nvidia bid to avoid securities fraud suit


FILE PHOTO A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles California U.S. July 31 2017.  REUTERSMike BlakeFile Photo

FILE PHOTO: A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File Photo

WASHINGTON (Reuters) -The U.S. Supreme Court scrutinized on Wednesday Nvidia's bid to torpedo a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales depended on the volatile cryptocurrency market.

The justices heard arguments in Nvidia's appeal of a lower court's decision allowing a 2018 class action - litigation led by the Stockholm, Sweden-based investment management firm E. Ohman J:or Fonder AB - to proceed.

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