Update: The story was updated with Nvidia's statement. On Wednesday, The U.S. Supreme Court rejected an appeal by Nvidia (NASDAQ:NVDA) looking to avoid a securities fraud lawsuit by stockholders, who alleged that the company misled investors about how much of its sales relied on the cryptocurrency market,

In an unsigned order, the justices dismissed the case against the tech giant as “improvidently granted,” meaning they had concluded that it had been a mistake to take it up.