NVIDIA Slapped With Class Action Lawsuit Tied To Cryptocurrency Implosion (hothardware.com)

Long-time Slashdot reader foxalopex writes: It looks like Nvidia is going to be hit with a class action for investors who lost big when their stock price crashed more than 50% due to an overstock of GPU cards that were produced for the crypto-currency craze back in 2018. The suit claims investors were told Nvidia had control of the situation until it crashed worse than even Nvidia had anticipated.
"The Company's public statements were false and materially misleading," argues the complaint from a Los Angeles law firm, seeking investors who purchased shares in NVIDIA between August 10, 2017 and November 15, 2018.

It was on November 15 that NVIDIA issued a statement that "excess channel inventory post the crypto-currency boom...will be corrected." Citing new products for machine learning, film rendering, and cloud computing, they added that "Our market position and growth opportunities are stronger than ever."

Comments

Re:This pisses me off

[mark-t]

Now they have assloads of cards that are already depreciated ....

Okay.... I have had up to.... *HERE* wth this. Sorry, I don't mean to take this out on you specifically, but I'm afraid your comment is the proverbial straw that broke the camel's back for me. I know this entire comment is OT, and I'll probably be modded as such to hell and back, but I feel like I really need to say this.

"Depreciated" is a verb. It is the simple past tense and past participle form of the infinitive "to depreciate". This word is not an adjective, which is how it is being used here. The adjective form for the verb depends on whether one is talking about whether something is either *tending* to depreciate or if it merely *able* to depreciate. For the former, the adjective to use is depreciative, while for the latter, one would use the term depreciable. If one is truly intending to use the verb form by combining it with a present tense verb of "to be", then the word to correctly use is "depreciating".

Additionally, a lot of times I notice people using the word "depreciated" as an adjective when they often mean "deprecated". "Deprecated" is a word which is both a past tense verb *and* an adjective that can be applied to describe nouns, but the word "deprecate" and "depreciate", despite their similar spellings, do *NOT* mean anything close to the same thing. Deprecate refers to the express disapproval of something (which typically may have been formerly viewed as acceptable), while depreciate refers to the loss of monetary value of something. In general, the two words cannot be used interchangeably.

#rant