NVIDIA Investors Claw Back at Company, Claiming $1 Billion Mining GPU Revenue Hidden Away in the Gaming Division

[mtcn77]

More like some law firms teamed up with some share holders trying to shake off a few bags of coins from Nvidia.

All it took was they answered to a question as 'yes', on the periodicity of recent sales. Crypto was a one-timer. That is the difference.

If you need to know that, you look at the trend of video card sales for the past few years. Anything above, must be driven by mining. Or are they alleging Nvidia had the numbers, but didn't report them correctly?

There are reports. It is funny that they were suggesting the ceo would resign. That is a facetitious claim, obviously they don't know him all that well.

[Here is the whole timeline in my language, just scroll through the captions.]

 

[Kaotik]

There are reports. It is funny that they were suggesting the ceo would resign. That is a facetitious claim, obviously they don't know him all that well.

Depending on what the court case leads to, it's not completely out of the question even if extremely, extremely unlikely (CEOs don't get to choose, Board of Directors chosen by investors do)

 

[R0H1T]

Disgusting scumbags. That is all. Thank you

I see you've finally seen the light, welcome to the dark bright side

 

[chodaboy19]

This type of lawsuit is quite common. If you check facebook for example, they are still litigating in regards to their IPO price movement. Every company faces lawsuits, whether the court accepts the filing is a whole different issue.

 

[silentbogo]

Barely handled the first 20-something pages of this crap before giving up.
Basically, Öhman Group are butthurt about NV stock plunge of Q4 2018-Q1 2019, which as I said before has nothing to do with mining, and definitely has everything to do with Softbank's sneaky collar trade.

The entire document is filled with speculations that either are irrelevant, or not backed by any facts , or make zero sense. Basically 80+ pages of speculations and repeating same speculations over and over.
For example, their primary focus is on Jensen having a centralized GFE database which showed that 60% of their GPUs are used for mining... Firstly, large mining farms likely don't have GFE. Second, if such stat actually existed, it would most likely include exclusively gamers that dabbled at ether mining at one point or another, got infected with cryptomalware which became a widespread thing at the time.
Another thing is their obsession with misinterpreting charts and numbers. Sales figures were always on public and it's kinda hard to miss the consistency of peaking sales and new GPU releases, plunging sales coinciding with something stupid NV did etc. Mining was consistently on the downfall for that period, which begs the question how come a 1+bn part of company's business had such a small impact on numbers? No amount of "misinterpreting" and "misrepresenting" can hide this.
That's why NVidia stock not only recovered and leveled-out, but as of today is >10% higher than previous all-time peak.

 

[Vayra86]

I see you've finally seen the light, welcome to the dark bright side

You assume too much

 

[Kaotik]

Barely handled the first 20-something pages of this crap before giving up.
Basically, Öhman Group are butthurt about NV stock plunge of Q4 2018-Q1 2019, which as I said before has nothing to do with mining, and definitely has everything to do with Softbank's sneaky collar trade.

The entire document is filled with speculations that either are irrelevant, or not backed by any facts , or make zero sense. Basically 80+ pages of speculations and repeating same speculations over and over.
For example, their primary focus is on Jensen having a centralized GFE database which showed that 60% of their GPUs are used for mining... Firstly, large mining farms likely don't have GFE. Second, if such stat actually existed, it would most likely include exclusively gamers that dabbled at ether mining at one point or another, got infected with cryptomalware which became a widespread thing at the time.
Another thing is their obsession with misinterpreting charts and numbers. Sales figures were always on public and it's kinda hard to miss the consistency of peaking sales and new GPU releases, plunging sales coinciding with something stupid NV did etc. Mining was consistently on the downfall for that period, which begs the question how come a 1+bn part of company's business had such a small impact on numbers? No amount of "misinterpreting" and "misrepresenting" can hide this.
That's why NVidia stock not only recovered and leveled-out, but as of today is >10% higher than previous all-time peak.

So you didn't get to the parts where for example Jensen is in fact quoted in investor meeting claiming the booming GeForce sales were not crypto-related, while they really were, or the other juicy bits?

 

[silentbogo]

o you didn't get to the parts where for example Jensen is in fact quoted in investor meeting claiming the booming GeForce sales were not crypto-related, while they really were, or the other juicy bits?

Other juicy bits? There isn't a single factual document that confirms their "mining revenue" numbers. Not a single one. Of course, at the peak of mining boom there would be presentations in an attempt to chase the market fad, of course there will be talks with manufacturers of said equipment, but nowhere in that court filing is there a solid source that would back up those claims.
Hersey and gossip isn't a factual document, powerpoint slides aren't evidence. It all boils down to "Jensen Huang has the stuff", and even if that's the case I'm sure it won't be presented as such in court (if it ever gets there).

 

[Xaled]

I've said that many times here. Also the Goldman and Sachs should be sued as well for helping Nvidia in that specific situation.

 

[bug]

Barely handled the first 20-something pages of this crap before giving up.
Basically, Öhman Group are butthurt about NV stock plunge of Q4 2018-Q1 2019, which as I said before has nothing to do with mining, and definitely has everything to do with Softbank's sneaky collar trade.

The entire document is filled with speculations that either are irrelevant, or not backed by any facts , or make zero sense. Basically 80+ pages of speculations and repeating same speculations over and over.
For example, their primary focus is on Jensen having a centralized GFE database which showed that 60% of their GPUs are used for mining... Firstly, large mining farms likely don't have GFE. Second, if such stat actually existed, it would most likely include exclusively gamers that dabbled at ether mining at one point or another, got infected with cryptomalware which became a widespread thing at the time.
Another thing is their obsession with misinterpreting charts and numbers. Sales figures were always on public and it's kinda hard to miss the consistency of peaking sales and new GPU releases, plunging sales coinciding with something stupid NV did etc. Mining was consistently on the downfall for that period, which begs the question how come a 1+bn part of company's business had such a small impact on numbers? No amount of "misinterpreting" and "misrepresenting" can hide this.
That's why NVidia stock not only recovered and leveled-out, but as of today is >10% higher than previous all-time peak.

Finally, someone talking sense. Tyvm.

 

[Xaled]

That's why NVidia stock not only recovered and leveled-out, but as of today is >10% higher than previous all-time peak.

Not true at all. The only reason that Nvidia moved up since mid of March is the same reason that AMD, İntel, Amazon and other tech and e-commerce companies have moved up as well, which is the increased demand due to Corona pandemic. First mining and now Corona.

 

[bug]

Not true at all. The only reason that Nvidia moved up since mid of March is the same reason that AMD, İntel, Amazon and other tech and e-commerce companies have moved up as well, which is the increased demand due to Corona pandemic. First mining and now Corona.

View attachment 155845View attachment 155848View attachment 155846View attachment 155849

You really can't read graphs, can you? There's no increased demand due to coronavirus, there was dip because of it. Once the initial reaction wore off, everybody pretty much resumed their previous trend (save for Intel, which seems to have settled at a lower plateau).

 

[silentbogo]

Not true at all. The only reason that Nvidia moved up since mid of March is the same reason that AMD, İntel, Amazon and other tech and e-commerce companies have moved up as well, which is the increased demand due to Corona pandemic. First mining and now Corona.

Oh yeah, blame everything on pandemic. Firstly, on those charts you can clearly see a huge dip during mass-quarantine announcements.
And the following boost had nothing to do with Mellanox acquisition, I assume?