$NVIDIA (NVDA.US)$ The SEC will collect a $5.5 million fine ...

$NVIDIA(NVDA.US)$ The SEC will collect a $5.5 million fine from the company. The fine relates to the SEC's claim that Nvidia failed to fully disclose how much it was being affected by the cryptocurrency boom and bust in 2018 and 2019. GPUs are used to mine some cryptocurrencies like Bitcoin and Ethereum.

With a market cap of over $430 billion, $5.5 million in fines is nothing for Nvidia, but perhaps some anxiety that the SEC wields such power over publicly traded companies is contributing to the stock's underperformance today. Additionally, some reports are emerging that demand for video game GPUs is starting to wane. That follows reports from some analysts that consumer spending on devices is beginning to slow after two years of a pandemic-fueled shopping spree on all things consumer tech.