Nvidia's appeal in a shareholder lawsuit alleging securities fraud related to crypto-mining revenue is under review by the U.S. Supreme Court.

The lawsuit, filed by E. Ohman J:or Fonder AB, claims Nvidia misled investors by attributing revenue growth to gaming instead of crypto-mining.

Nvidia's attorneys have successfully persuaded the Supreme Court to hear their argument to dismiss the lawsuit.

Originally dismissed in 2021, the lawsuit was revived by the Ninth Circuit Court of Appeals.

The central issue is CEO Jensen Huang's knowledge of the company's revenue from GeForce GPU sales to cryptocurrency miners.

Nvidia's stock price has surged over 160% year-to-date following the news.

In 2022, Nvidia settled charges with U.S. authorities for inadequate disclosure practices regarding crypto-mining's impact on revenue.

Nvidia has declined to comment on the Supreme Court's decision.

The case will be heard during the next Supreme Court term starting in October.