What? NVIDIA Biggest Mistake.

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Now They Have To Pay Penalty Of $5.5 Million. But Why?

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In Indian Rupees The Amount Is Roughly Rs. 42 crore But Why?

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Nvidia failed to disclose that cryptomining was a "significant element" of its revenue growth from sales of chips designed for gaming

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The firm, which did not admit or deny the SEC's findings, agreed to pay a civil penalty of $5.5 million.

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In 2018, Nvidia's chips became popular for cryptomining, the process of obtaining crypto rewards in exchange for verifying transactions on distributed ledgers.

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The regulator alleged that Nvidia knew that information, but failed to share it with investors.

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Those omissions misled investors and analysts who were interested in understanding the impact of cryptomining on Nvidia's business, the SEC said.

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What? NVIDIA Biggest Mistake.

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Now they have to pay $5.5 Million Penalty.

Now They Have To Pay Penalty Of $5.5 Million. But Why?

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In Indian Rupees The Amount Is Roughly Rs. 42 crore But Why?

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Nvidia failed to disclose that cryptomining was a "significant element" of its revenue growth from sales of chips designed for gaming

Read Next >

The firm, which did not admit or deny the SEC's findings, agreed to pay a civil penalty of $5.5 million.

Read Next >

In 2018, Nvidia's chips became popular for cryptomining, the process of obtaining crypto rewards in exchange for verifying transactions on distributed ledgers.

Read Next >

The regulator alleged that Nvidia knew that information, but failed to share it with investors.

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Those omissions misled investors and analysts who were interested in understanding the impact of cryptomining on Nvidia's business, the SEC said.

Read Next >

To Read Full News VISIT www.thegadgetsworld.in OR Click The Link Below

Read Next >

CLICK TO READ NEWS

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