The U.S. Securities and Exchange Commission (SEC) has reached a settlement with Nvidia and fined it $5.5 million for deliberately misleading investors about how the crypto market was impacting its sales.
Basically, the SEC has stated that in multiple consecutive quarters during fiscal year 2018, Nvidia did not disclose that its notable increase in revenue and GPU sales is due to increased interest and demand for cryptomining rather than gaming. In fact, the SEC says that the firm filed its cryptomining revenue under its gaming finances. As such, investors were unaware that Nvidia's financial performance is due to a volatile business rather than its stable gaming sector