Nvidia misled investors about impact of crypto mining on its business, SEC alleges

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US securities regulators say Nvidia knew cryptocurrency miners had been eating into sales of graphics cards meant for gaming but had illegally withheld that fact from investors who repeatedly asked about crypto mining's impact on Nvidia's gaming segment

For years, video gamers have blamed shortages of PC graphics cards on cryptocurrency enthusiasts, who have snapped up growing numbers of the devices to generate digital coins. The pandemic, along with the Trump administration's tariffs on Chinese imports, have only made the situation worse, leading to skyrocketing retail and aftermarket prices.

Now, US securities regulators say the graphics card giant Nvidia knew cryptocurrency miners had been eating into sales of cards meant for gaming — and thus potentially contributing to supply issues — but had illegally withheld that fact from investors who repeatedly asked about crypto mining's impact on Nvidia's gaming segment. In a cease-and-desist order on Friday, the Securities and Exchange Commission said Nvidia would pay $5.

 

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The fact that this is news in 2022 is crazy. Stores literally started charging DOUBLE if you wanted to buy a card on its own. You needed to bundle with other PC parts/trade in to get retail price to make it more fair for non crypto purchasers.

Ok? So when can I buy a reasonably priced GPU

Cryptocurrency, is the most ridiculous. I guess if people want to be ripped off, so be it.

Try being actual journalists for a change and investigate half of congress for insider trading. 🙄

That Class Action Payout gonna be nice when i got screwed out of my RTX 3090 Ti

No 👎🏻 😂

或者这本身是英伟达的诡计?

I've been waiting until they sink NVDA after earnings to buy ... We should take a poll on how far it will sink. I'm being optimistic at 100 I think.

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Nvidia didn't tell investors enough about effects of crypto mining on its business, SEC saysIn 2017, ETH rose from $10 to $800, driving demand for Nvidia graphics cards.
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