4 ms·
I’m intrigued by the fact that the press release focuses on cryptomining, specifically, but also suggests that the issue has to do with fiduciary duty. Would Nv
by omginternets 4y ago
I’m intrigued by the fact that the press release focuses on cryptomining, specifically, but also suggests that the issue has to do with fiduciary duty. Would Nvidia have been charged if they had failed to disclose a similar volume of sales to, say, scientific research labs?
In other words, is this about the US’s policy towards (foreign?) crypto operations, or is it “just” about nvidia’s investors?
- duxup 4y agoLegally, yes it would be the same situation. If they were tracking research labs buying product and then got something wrong about it on their disclosure they'd be in the same situation. Legally it is all about the disclosure. Conspiracy minded crypto super fans might find it hard to believe but ultimately this is a small slap for a dorked up disclosure that can be easily avoided by Nvidia. The amount of crypto related purchases could be 100% and as long as Nvidia doesn't dork up disclosing that (or even saying what they know accurately) nothing happens here.
- omginternets 4y agoYeah, that was my lay impression as well. The fact that it’s crypto seems largely immaterial, except maybe insofar as it’s a risky market.