Supreme Court Wary of Big Ruling in Nvidia Shareholder Case (1)

US Supreme Court justices signaled they are headed toward a narrow ruling on shareholder lawsuits as they weighed an effort to sue Nvidia Corp. for allegedly misleading investors over its dependence on crypto-mining revenue.

Hearing arguments in Washington on Wednesday, several justices questioned whether the court was right to take up Nvidia’s appeal, saying the case didn’t present the kind of broad legal issue that normally prompts Supreme Court review. Chief Justice John Roberts said both sides had made the issues too “black and white.”

Nvidia, now the world’s most valuable company, contends the lawsuit lacks enough specificity to go ...