Graphics card giant, one of the largest technology companies in the world Nvidiapunishment in a subject that would be considered interesting scaled up.
Nvidiatoo big for us in the USA, too small for him $5.5 million sentenced to a penalty. Considering the company’s revenues, this penalty, which will not create even a small scratch, Awarded for not explicitly stating how many gaming-focused graphics cards it sells to crypto miners. The US Securities and Exchange Commission, an agency that oversees securities and exchanges in the United States, has found that the firm is hiding the number of video cards it sells to crypto miners. According to the organization, Nvidia hid data from investors on this matter, clearly misguiding them.
Reportedly, Nvidia announced a huge sales boom in its financial results, but didn’t make it clear to investors what exactly was behind the boom. Investors thought the sales were mostly on players/game systems. However, the truth of the matter was not exactly that. What Nvidia is doing is not completely illegal, but it is of great importance that investors are informed and directed correctly in the USA. It is requested to be completely open/transparent here.
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Focused on games and players Nvidiathe incredible depletion of video card stock by crypto miners (The company received great criticism on this issue.) then had to cut the crypto processing power of normal graphics cards, directly produced crypto-specific graphics cards.