Is the sec concern trolling nvidia? What do they mean by impact?
> the sale of its graphics processing units (GPUs) designed and marketed for gaming
SEC recognises that these cards where marketed to gamers and even recognise that the parts of NVIDIA marketed toward crypto mining was reported as crypto mining.
It seems like nvidia did business as usual and the real problem is those filthy gamers that aren't gaming.
If NVIDIA reported its gaming cards to SEC as crypto cards, now that the crypto market is dead and those cards are being used for gaming would SEC still consider NVIDIA to be in the wrong for their undisclosed impact on gaming?
Seems like SEC is mad at gamers for making money instead of gaming and they are taking it out on NVIDIA. Im just glad some one is standing up to these filthy gamers.
> In two of its Forms 10-Q for its fiscal year 2018, NVIDIA reported material growth in revenue within its gaming business. NVIDIA had information, however, that this increase in gaming sales was driven in significant part by cryptomining. Despite this, NVIDIA did not disclose in its Forms 10-Q, as it was required to do, these significant earnings and cash flow fluctuations related to a volatile business for investors to ascertain the likelihood that past performance was indicative of future performance. The SEC’s order also finds that NVIDIA’s omissions of material information about the growth of its gaming business were misleading given that NVIDIA did make statements about how other parts of the company’s business were driven by demand for crypto, creating the impression that the company’s gaming business was not significantly affected by cryptomining.
> “NVIDIA’s disclosure failures deprived investors of critical information to evaluate the company’s business in a key market,
> Seems like SEC is mad at gamers for making money instead of gaming and they are taking it out on NVIDIA. Im just glad some one is standing up to these filthy gamers.
1) Weird of you to add everything after your first sentence without indicating you edited your comment.
2) I have no idea what you're talking about. This isn't about nVidia reporting their cards as crypto cards. This is about nVidia not reporting what portion of their revenue is subject to volatility in the cryptomarket. SEC isn't mad about anything. It sounds like you're mad, tbh, and I'm not sure why.
> This is about nVidia not reporting what portion of their revenue is subject to volatility in the cryptomarket.
Nvidia doesn't know what customers use their cards for and it especially doesn't know the volatility of the market, no one does. If nvidia knew market volatility before hand they wouldn't need to make gpu they could just trade the market more efficiently than every one else.
You and SEC are talking about pure speculation as if it was fact, nvidia didn't speculate in their reporting they gave accurate numbers as they should. Until you can show otherwise its all just speculation.
> NVIDIA had information, however, that this increase in gaming sales was driven in significant part by cryptomining. Despite this, NVIDIA did not disclose in its Forms 10-Q, as it was required to do, these significant earnings and cash flow fluctuations related to a volatile business for investors to ascertain the likelihood that past performance was indicative of future performance.
What proof do you have that the SEC is speculating about NVIDIA having this information?
Speculation? It is well-known that their drivers contain extensive telemetry functions. This removes any shadow of a doubt that they know what the cards they sold are being used for.
> the sale of its graphics processing units (GPUs) designed and marketed for gaming
SEC recognises that these cards where marketed to gamers and even recognise that the parts of NVIDIA marketed toward crypto mining was reported as crypto mining.
It seems like nvidia did business as usual and the real problem is those filthy gamers that aren't gaming.
If NVIDIA reported its gaming cards to SEC as crypto cards, now that the crypto market is dead and those cards are being used for gaming would SEC still consider NVIDIA to be in the wrong for their undisclosed impact on gaming?
Seems like SEC is mad at gamers for making money instead of gaming and they are taking it out on NVIDIA. Im just glad some one is standing up to these filthy gamers.