for gamers. But employees apparently acknowledged that many gaming GPUs were still going to miners. “The company’s sales personnel, in particular in China, reported what they believed to be significant increases in demand for Gaming GPUs as a result of crypto mining,” the order says.Given the boom-and-bust nature of cryptocurrency, this meant Nvidia’s sales numbers didn’t necessarily indicate reliable future growth, making investing in it riskier.
Despite this, Nvidia didn’t mention mining-related sales as a factor in its gaming division’s success. Meanwhile, it mentioned crypto as an important factor in other markets, which suggested to the SEC that it was being deliberately deceptive. And investors’ anxieties turned out to be well-founded. A crypto crash in late 2018 led it to
$5.5m is probably 0.2% of the sales they generated selling to crypto miners
linusgsebastian LinusTech
Love to see it, but that fine is pathetic
Nvidias gonna be like
I don't understand why these larger companies are given such small fines. They barely even feel their effect nor do they learn from it. What happened to AMD's desktop GPU's? Why is no one talking about them these days?
Oh man! 🤦🏽♂️🤷🏽♂️
Great article, very helpful
It isn't a fine though, it's Nvidia paying a settlement to get away with it. Very different thing 🤦♂️
A 5 milions $ fine over a 10 bilions $ gain... I'm sure Nvidia won't do this again....
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Fining company for 5mil but that company makes billions that just a tax evasion for them :p I would like to see companie fining % wise that would hurt them
The fine isn’t that big but it is bad press which costs more than 5.5m
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Only 5.5 million? That’s like a trickle to them I guess
How do they exactly know who's buying a video card for what anyway? I never had a problem buying a video card as our Best Buy was always stocked.
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So what do they need to do sell like 5 gfx cards at inflated prices 😂… Don’t worry they can just make the 40 series more expensive to cover it.
Should be higher, this small amount means nothing to a company like Nvidia
Oh nooo. A fine that represents .00000000001% of the revenue they made. Who is fining them? This is a supposed to be a free market.
This doesn't surprise me. I walked into my local best buy and saw this by the checkout
Lol 5.5 million. For the 10th most valuable company in the world by market cap. Us getting a parking ticket has a bigger impact to our wealth than that does to theirs
nice
That’s a weird one to me. I’m not personally into crypto but what I do with what I buy is my own business. Likewise I’d feel strange about asking every person that I sold something to what they planned on doing with it.
That’s like buying breakfast for normal ppl
Thats really gonna impact them(;
PC gaming is a mess because graphics cards are hard to get. They ruined PC gaming.
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