DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
July 13, 2020 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 130 people online.

 

Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
 

Follow us
RSS
 

Investors sue NVIDIA for understating crypto revenue

Posted on Monday, May 18 2020 @ 09:53:14 CEST by


NVDA logo
Decrypt reports a group of investors are going after NVIDIA over issues with the firm's cryptocurrency mining business revenue reporting. The investors allege that during the cryptocurrency bubble of 2017-2018, NVIDIA significantly understated its GPU sales to cryptocurrency miners.

The investors claim that quarter after quarter, NVIDIA falsely attributed much of these sales to the Gaming segment:
According to the disgruntled investors, NVIDIA “falsely claimed, quarter after quarter, that the gaming segment's sales growth resulted from strong organic demand from gamers while misleading the market into believing that NVIDIA's dependence on cryptocurrency-related revenues was 'small.’”
The lawsuit alleges that NVIDIA understated its crypto-related sales by almost $1.13 billion and that this resulted in a big stock price hit when the crypto bubble popped. The disgruntled investors believe NVIDIA hid the true source of some of its growth and understated its reliance on sales to crypto miners.

NVIDIA shares are currently trading for $339.63, which is an all-time high.



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba