![]() However, allegations of improper disclosures are something that may get more attention as investors look to companies with the best corporate governance in this volatile environment. Thus, I think the market is viewing this news as it should - a relatively small event. Ultimately, this fine is very small relative to Nvidia’s overall revenue and profits. Accordingly, the company seemingly has taken the view that putting this ordeal in the rear-view mirror is the best decision right now. However, regulators would have preferred that this information was broken out for investors to improve their ability to make investment decisions.Īs it turns out, this dip in crypto mining activity did significantly impact Nvidia’s results. Nvidia ultimately rolled the crypto mining segment into its gaming segment, something the company seems to believe makes sense. However, any settlement with the SEC is an indication that something may be amiss.Įssentially, this settlement is a result of what the SEC claimed were “inadequate disclosures” with respect to how crypto mining impacted Nvidia’s financial results. ![]() The company hasn’t admitted to wrongdoing as a result of the settlement. Securities and Exchange Commission (SEC). Today, Nvidia announced that the company has agreed to a $5.5 million settlement with the U.S.
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