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Maybe, read the brief in the link? > In two of its Forms 10-Q for its fiscal year 2018, NVIDIA reported material growth in revenue within its gaming business.
by tehbeard 4y ago
Maybe, read the brief in the link?
> In two of its Forms 10-Q for its fiscal year 2018, NVIDIA reported material growth in revenue within its gaming business. NVIDIA had information, however, that this increase in gaming sales was driven in significant part by cryptomining. Despite this, 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.
The issue isn't the number of GPU sold, noone's saying they lied about how many they sold or their profit. They lied about the market conditions for that quarter, to make the growth seem "stable", not from a volatile market that could dry up in 2 years or 2 months...