Analyst says Nvidia lied about its cryptocurrency earnings to avoid stock crash

[QuantumPhysics]

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[systemBuilder]

When will NVidia fanboy fools admit the the big N was #2 in crypto mining because their cards are not general purpose compute engines? Almost nobody with a brain mined with NVidia! Most of their performance comes from hacks to the 3D pipeline that work ONLY for gaming rendeing, NOT FOR MINING! Fake Ray tracing is yet another example ....

 

[LeroN]

If a manufacturer has a monopoly.
If the manufacturer has a hidden overstocked inventory.
If the manufacturer has all items overpriced.
If the manufacturer invents different stories why all items are very expensive.
Then we call it profiteering. And shareholders don't like that too much. The profiteering can bring down all investments at once. Yes, it's posible to lead investors by the nose but under certain conditions only.

The most interesting today that all big IT companies fool their shareholders and underpay them. This is how big IT companies grow up their capitalization so significant and fast last twenty years. Once finance specialists with a government support turn their face to investigate financial abuse in IT businesses we will hear scandal exposes.
Some bright examples of profiteering in IT:

Apple - innovations
WD and Seagate - flooded plants
Nvidia / AMD - crypto mining
Samsung - big investments in advertising (it's interesting how it can impact on prices of RAM chips for example?)
Intel - some "problems" with new process technologies

Notice all of them grew up their revenue despite of that and no one had bankruptcy.

 

[Forebode]

If it leads to their snake oil salesman CEO getting his marching orders from the shareholders then that would be great...but with billions in his bank account, it would be a somewhat pyrrhic victory.

learned a new word: pyrrhic - (of a victory) won at too great a cost to have been worthwhile for the victor.

 

[Dimitrios]

Like Vega? Make some noise? 18 months late to match price and performance with GTX 1080? Pretty sure Lisa was AMD's CEO then. Oh also don't forget the blind test of Vega performance with GTX 1080 Ti. The whole Vega PR was terrible but AMD fans will absolutely blame NVIDIA instead.

At least that lot responsible for Vega are now with Intel.

Blame Raja not Lisa. Raja was a trader and instantly left AMD and went to work for INTEL and their GPU department. VEGA was only a disappointment because because of the gamble on the first GEN HBM memory since manufactures had issues producing them. Funny part is that VEGA is actually doing pretty well now with some benchmarks showing it's true colors and staying pretty close to Nvidia's higher end cards.

 

[munchy22]

Good. Glad nvidia are suffering. In 3 years the too 970 g1 gamer was 300 uk pounds. Then the cheapest 1070 was 430 pounds and now they want us to thibk of the 2070 as not mid ranged and charge us flagflop loke prices of 500 pounds. And the 2060 at eoo pounds. Nvidia are mad if they think people will pay what 2070 shoukd be for a 2060. Time they lowered their prices to resonable. A 2070 should not cost more that 300 pounds unless water cooled with bined gpus the yeh 400. 2060 ahoukd be 150 to 200 pounds the price most people could or want to pay for a midling to low end card.

 

[urbanman2004]

AMD is no better in this situation, charging as much NVIDIA for their supposed 2080 killer when the Radeon 7 doesn't even include ray tracing, lmao. Granted, I know NVIDIA is lousy for their various borderline unethical business practices from the GPP to artificial inflation of the RTX series to this allegation of lying to shareholders, nor am I trying to detract attn from their shenanigans.

 

[CaptainTom]

Purchased two RX 580s for $100 as christmas presents. It really is amazing the difference in price between the mid range and high end.

Otherwise this current fiasco is one in a long line. Nvidia got caught lying, again. No surprise and it won't be the last time.

It's sad that midrange performance effectively hasn't gotten any better since you could buy and overclock the 290 for $250 all the way back in late 2014 lol. People really need to think about how ridiculous that is.

Even sadder is that... it really doesn't need to be much better for 90% of gamers. Most people are still doing 1080p, and the 580 can even do that @144Hz plenty well enough. 1440p is fine too. I mean look at one of the best looking releases:

What is the 2060 or 2070 even getting you for 2-3x the price? Nothing lol. They aren't strong enough for 4K, and they offer you nothing extra at 60Hz 1440p gaming.

 

[Evernessince]

It's sad that midrange performance effectively hasn't gotten any better since you could buy and overclock the 290 for $250 all the way back in late 2014 lol. People really need to think about how ridiculous that is.

Even sadder is that... it really doesn't need to be much better for 90% of gamers. Most people are still doing 1080p, and the 580 can even do that @144Hz plenty well enough. 1440p is fine too. I mean look at one of the best looking releases:

What is the 2060 or 2070 even getting you for 2-3x the price? Nothing lol. They aren't strong enough for 4K, and they offer you nothing extra at 60Hz 1440p gaming.

At the very least Navi is supposed to change that.

 

[wiyosaya]

AMD's marketing before Lisa was terrible. I'm happy she's curtailed it back.

Rory Reed had no clue what transistors were. He was a technical dolt, and, IMO, responsible for AMD's woes before Lisa Su. Su is a veritable genius by comparison, and that comparison does no justice to her, IMO.

 

[ceh4702]

Shouldnt they be getting some hefty fines then? Then one fine could come from those people that control stock companies about fair market principles. Then there may also be some FCC fines. Then there may be some insider trading rules that were broken. I saw a technical Youtube video about taking a mining card with no video ports and making it usable through the integrated motherboard video ports using some registry editing and some unlicensed drivers. It was interesting.
https://www.youtube.com/watch?v=TY4s35uULg4

 

[Auspician]

I used to upgrade when a new game wasn't running to my satisfaction. Now, I don't remember the last game I really enjoyed and I see no need to upgrade.

Until Cyberpunk 2077, of course. We'll see.

 

[Evernessince]

I used to upgrade when a new game wasn't running to my satisfaction. Now, I don't remember the last game I really enjoyed and I see no need to upgrade.

Until Cyberpunk 2077, of course. We'll see.

No real reason to upgrade this generation either. $700 got you a 1080 Ti 2 years ago and you'll still be paying that exact $700 for a card of the same performance today in the 2080. In fact the 1080 Ti is arguably better due to it's larger memory size.