US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit

WASHINGTON, June 17 (Reuters) - The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia (NVDA.O) to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales went to the volatile cryptocurrency industry. The justices took up Nvidia's appeal made after a lower court revived a proposed class action brought by shareholders in California against the company and its CEO Jensen Huang. The suit, led by the Stockholm, Sweden-based investment management firm E. Ohman J:or Fonder AB, seeks...