The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency

The U.S. Supreme Court is set on Wednesday to hear arguments in Nvidia's bid to torpedo a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales depended on the volatile cryptocurrency market.

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.