Nvidia Investors Backed by US in Supreme Court Crypto Sales Case

Nvidia Corp. investors should be allowed to proceed with their suit alleging the chip maker misled the market about its dependence on sales to cryptocurrency miners, two federal agencies told the US Supreme Court.

The investors’ complaint contained detailed allegations sufficient to survive dismissal, the Department of Justice and the Securities and Exchange Commission said Wednesday in a friend of the court brief. The high court should affirm the proposed class action’s revival by the US Court of Appeals for the Ninth Circuit, the government said.

Solicitor General Elizabeth Prelogar also asked the justices for 10 minutes of argument time ...