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NVIDIA Faces New Class Action Lawsuit Over Cryptocurrency-related GPU Demand Drop

hat

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Figured most your points use a similar logic. Thanks for this insightful discussion.
To be fair, I haven't seen you show any data, either. Please submit your pie chart detailing damages done to the market by small time miners with "4" cards (I only bought two myself) against damages done by huge farms taking cards by the pallet or worse (anyone remember that article about somebody taking cargo planes full of cards?). Until then, you just salty bruh.

As for the actual topic at hand, that is, nVidia being sued for a drop in stock... I mean, I've shit on nVidia quite a few times on the forums for this and that, but this, I think is a bit ridiculous. I would hope that nobody with half a mind was actually relying on that bubble. I went and got two cards, on credit even, when mining profits were really good... but I knew full well it could implode on itself at any time. You've gotta be something special to get all up in arms when your risky investment blows up all over the launch pad. Surely the guys responsible for moving that kind of money knew this was possible... right? I would be inclined to believe nVidia's stock tanked because there was a boom in demand, from miners, and that demand dropped just like the crypto market dropped. That isn't nVidia's fault. Everyone was pissed at them before when they couldn't keep anything in stock, and now investors are pissed because the stock has dropped. nVidia can't win for nothing right now.
 
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To be fair, I haven't seen you show any data, either. Please submit your pie chart detailing damages done to the market by small time miners with "4" cards (I only bought two myself) against damages done by huge farms taking cards by the pallet or worse (anyone remember that article about somebody taking cargo planes full of cards?). Until then, you just salty bruh.

As for the actual topic at hand, that is, nVidia being sued for a drop in stock... I mean, I've shit on nVidia quite a few times on the forums for this and that, but this, I think is a bit ridiculous. I would hope that nobody with half a mind was actually relying on that bubble. I went and got two cards, on credit even, when mining profits were really good... but I knew full well it could implode on itself at any time. You've gotta be something special to get all up in arms when your risky investment blows up all over the launch pad. Surely the guys responsible for moving that kind of money knew this was possible... right? I would be inclined to believe nVidia's stock tanked because there was a boom in demand, from miners, and that demand dropped just like the crypto market dropped. That isn't nVidia's fault. Everyone was pissed at them before when they couldn't keep anything in stock, and now investors are pissed because the stock has dropped. nVidia can't win for nothing right now.
There’s practically a lawyer on every street corner and a fool ready to hire him close behind. Getting sued on the regular is just the life of a multi-billion dollar company.
 

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I had over a hundred cards and processed probably close to a thousand. Did I hurt nvidias ability sell product, what about amd? I feel like I assisted their bottom line some, not as much as many, but more than others.

I fail to see how an increase of sales with no additional R&D required "hurt" anyone. If it did why did amd see an upturn in stock and nvidia a down? Amd was credited by many with only being good for mining, so when that market tanked if the argument is mining hurt they should have gone out of business.

Nvidia entered the game late. They offered a product that worked well, but hit well after the bubble. That's on them, that's not minings fault.
 
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I had over a hundred cards and processed probably close to a thousand. Did I hurt nvidias ability sell product, what about amd? I feel like I assisted their bottom line some, not as much as many, but more than others.

I fail to see how an increase of sales with no additional R&D required "hurt" anyone. If it did why did amd see an upturn in stock and nvidia a down? Amd was credited by many with only being good for mining, so when that market tanked if the argument is mining hurt they should have gone out of business.

Nvidia entered the game late. They offered a product that worked well, but hit well after the bubble. That's on them, that's not minings fault.
It also didn't help that TSMC and Samsung started turning out Crypto ASICs at the beginning of the year and Nvidia wasnt cautious about those impacts. We saw reports of AIB returning 300,000 cards before H2 but Nvidia reiterated no inventory issues and the channel was solid to their investors.
 
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A bit off topic, but how do those crypto ASICs work? I thought script coins were specifically designed to be impractical to make ASICs for.
 
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We saw reports of AIB returning 300,000 cards before H2 but Nvidia reiterated no inventory issues and the channel was solid to their investors.
What I really don't understand is how all those cards were sold at practically MSRP from 2 years ago since people couldn't afford Touring and they STILL have this problem.
 
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imo if Nvidia was smart, they would launch a 1160 -no Ray tracing model) - have it slightly beat a gtx 1070 in performance (match 1070 ti once OC'd since that is a niche audience anyway, and price it at $249 shipped for the FE, a single model of 6gb GDDR6 - and $229 for non FE models, - no other models, no confusion.

it would gain them immense amount of market share and AMD is so slow to the punchline, even when AMD does arrive the 1160 prob still beats it, but this isn't about profit - this is about taking that 70-80% market share they have and turning it into 90% that secures their future. -I am an aggressive little beast though, so I am glad Nvidia is greedy and not doing this, because AMD 7nm gpu will come out swinging, and I fully expect Nvidia to lose market share, which is going to be good for everyone, just as with Intel losing market share - comeptition is key to everything
 
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Haters gonna hate but Nvidia is the most innovative company on the planet.
 

bug

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not sure what your point is, they were too cautious and then too aggressive, still doesn't change my point at all in that most companies go slow and steady, not go, oh hey we are out of stock, go to max production, most companies go - hey we are out of stock, lets increase production 60% the first 3 months and re-evaluate. - no this is very clear, Nvidia got greedy and wanted to cash in on the crpyto boom, they went to 130% production levels paying workers overtime to keep the factories churning non-stop.
Of course this is very clear. To you. It's not clear at all for me.

Haters gonna hate but Nvidia is the most innovative company on the planet.
I wouldn't say that. But they do have stuff AMD hasn't caught up in 5 years (TBR).
 
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I wouldn't say that. But they do have stuff AMD hasn't caught up in 5 years (TBR).
Or maybe it is AMD being bad? ATI always had answeres to nvidia. Before AMD bought it and later when Lisa Su took over
 
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My heart bleeds for nGreedia, but to be honest, this lawsuit is utterly ridiculous. I thought that a lawsuit involving accusations of price gouging, market manipulation etc would have held maybe a little more water...

However, nGreedia inflating their prices and profit margins must go a long way into helping Jensen sleep in a new shiny leather jacket every night, so he surely doesn't care.

Haters gonna hate but Nvidia is the most innovative company on the planet.
Hi Taylor! And, erm, what?

Or maybe it is AMD being bad? ATI always had answeres to nvidia. Before AMD bought it and later when Lisa Su took over
Yeah, AMD lost it under Raja. He focussed on things that were not important to AMD's customers at the time.

I certainly miss the days of an eight or twelve legged horse race. This one horse business is just awful. I doubt it will ever be better, even with Raja's continuing BS-flavoured hype being shouted from Intel.
 
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Or maybe it is AMD being bad? ATI always had answeres to nvidia. Before AMD bought it and later when Lisa Su took over
I think it’s a tougher situation that that. If being a top flight GPU maker was easy, then we’d have more than 2 serious players in this space. Even with its vast resources, top level engineers, and fabrication expertise, Intel hasn’t even managed to crack this market, despite talks of doing so for many years. Nvidia bought up some key assets in the last 20 years. Even if some of the IP Nvidia owns isn’t the future, they still get to ride the wave until the next thing arrives. Working closely with developers is another tactic that helps their brand. People can criticize AMD all they want, but in the last 20 years, no one else has even come as close to competing with Intel and Nvidia in the ultra-high-performance space. AMDs failures get magnified, even though no one else is stepping up.

Things look a little different in mobile, but we’re seeing the same thing play out where the big IP holders have a significant advantage. What remains to be seen is what Apple plans to do with their own architecture.
 

bug

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Or maybe it is AMD being bad? ATI always had answeres to nvidia. Before AMD bought it and later when Lisa Su took over
Well, AMD was in a hole for quite sometime and they're slowly digging themselves out. They're doing their best. Of course, their best is limited to rehashing GCN for 8 years now (which is what makes Nvidia look even better) and with so many high profile staff jumping ship to Intel, it's interesting to see what the video card market has in store for us.

Anyway, in short, I don't think Nvidia is the most company under the Sun, but they did benefit from the lull in AMD's business.
 
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Good. Glad to see them getting pounded. Their greedy business practices are over the top. I'm sure the severe stock drops aren't all because of Turing, but as a heavy pc gamer, that's my main beef with NVidia right now, and I'm glad to see them suffer for it.
 
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So... when do we enter the stage when the company profiteering from 'hype' is blamed for being publicly traded? Is Nvidia going to go 'private'(pun intended)?
 
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To know that nvidia has won too much from the cryptocurrency thing these 2 graphs alone are enough.
No, they aren't.
 
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So they failed with the new generation, and similarly to AMD, they did nothing against retailer's price increase of their last gen GPUs and are now desperately trying to get to court with that... Funny.
 

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So they failed with the new generation,
Clearly. Just look at all those cards collecting dust on retailers' shelves. Oh, wait...
and similarly to AMD, they did nothing against retailer's price increase of their last gen GPUs and are now desperately trying to get to court with that... Funny.
What could anyone do about that? There was a surge in demand which production couldn't promptly fill. How does that work in any free market?
 
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This is why companies scale production cautiously, not at full blast, especially for something based on a volatile currency. it is Nvidia's fault for going all in and ramping 10 series production to max levels trying to cash in on the boom. - slow and steady is the name of the game for a long term successful company, Nvidias reputation is damaged in the wall street circles now

lol.. GOOD they deserve it


LMMFAO!!!

Good. Glad to see them getting pounded. Their greedy business practices are over the top. I'm sure the severe stock drops aren't all because of Turing, but as a heavy pc gamer, that's my main beef with NVidia right now, and I'm glad to see them suffer for it.
LMMFAO, & ROFD

me too, the (evga gtx 1080 hybrid gaming 8gb) i bought from newegg new in 2016/2017, 6-7 months after release ($549.99 ON NEWEGG SHELL SHOCKER DEAL BACK THEN) but now,...

my same evga gtx 1080 GPU BUT. (non hybrid version with same blower style cooler) not a hybrid gaming 8gb, .... :(
but still same gpu "gtx 1080" costs $200-$300 more than what i paid A year or two ago, at like $850-$900 wtf nvidia????

and it wasnt even the same evga hybrid 8gb i had, it was an evga air cooled gtx 1080 8gb with slower base and boost clocks 1600 to 1733 or something, my hybrid clocks up to 2012mhz on its own, no overclocking at all, $549.99 on newegg e-mail blast or shell shocker deal, now i can only get an evga 1080 thats got the same blower cooler reference style as my evga 1080 hybrid but without the hybrid water cooling and a steeper price of 899.. its like WTF???? the mining crsze is OVER NVIDIA, LOWER UR FUCKING PRICES ALREADY FUCK ME, OR NO, YOu GO FUCK YOUR SELF HUNG SANG Piece of shit

im done with radeon & grforce, ill see what intel does, tho may suck too, amd needs to get their head out of their asses
 
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Wonder what Jim Cramer is saying now about Nvidia because he couldn't stop praising them not to long ago, but I bet he's dumped it already and talking smack about it now. He didn't like AMD and now is probably praising it to high heaven. These stock analysts are punks that love to create pump and dump investment opportunities and devalue stocks in order to buy in low.
 

hat

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@Adam Krazispeed So, you don't like nVidia (or at least, their prices). That's why you don't buy nVidia, and you buy AMD instead... but apparently you don't like AMD either... so, you must either choose one, or none at all. :)

Anyways, high prices is one thing, but getting sued by investors cause everyone bet the farm on a very wobbly crypto bubble is another.
 
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