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> 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
by VWWHFSfQ 4y ago
> 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.
Basically they were dishonest about the nature of the business that was driving the short term growth.
- senko 4y ago> NVIDIA did not disclose [...] for investors to ascertain the likelihood that past performance was indicative of future performance. I mean, who am I to argue with SEC, but "past performance is not indicative of future results" should be firmly planted in the minds of everyone remotely capable of understanding the 10-Q. To me this seems like it was a "hey, you should definitely split out crypto earnings in your gaming division" with a slip on the wrist. Doesn't sound like a big deal. And going on the tangent, who says earnings due to crypto are more risky than earnings due to gaming? There's been a dearth of new AAA titles and due to the inflation gamers may very well delay their PC upgrade. Sounds as risky as miners to suddenly stop buying equipment, and faster than what the hardware-hungry gaming crowd can get their hands on.