SEC Charges Nvidia with Inadequate Disclosures about Impact of Cryptomining
NVIDIA knew a lot of their GPUs were bought for crypto mining, but attributed those sales instead to growth in gaming, potentially misleading some investors (maybe they wanted to invest in gaming, not the very volatile crypto industry).<p>This is the SEC doing their job, giving a public company a reminder to be honest about their disclosures. The fine is insignificant and nobody is in trouble.<p>It has nothing to do with whether people could&#x27;ve read between the lines, whether NVIDIA has a duty to know what their products are used for, or anything like that. Just that they knew what was going on and told a small lie to bolster their finances. You should be able to read company financial disclosures and trust them.