NVIDIA Corporation Securities Litigation (2018)

If you purchased a significant amount of shares of NVIDIA Corporation (NASDAQ: NVDA), you have certain options. Investors should register for updates.


Lawsuit Overview

Defendant:NVIDIA Corporation
Date Filed:December 21st, 2018

According to the Complaint, NVIDIA designs, develops, and markets graphics processing units ("GPUs") and related software. Although traditionally used in connection with computer gaming, demand for the Company's GPUs surged as NVIDIA's GPUs became widely used in connection with cryptocurrencies. Given the volatility in the cryptocurrency market, the Company's ability to adapt to the ever-changing cryptocurrency landscape was critical to investors.

The Complaint alleges that, throughout the Class Period, Defendants assured investors that the Company followed the market closely and could adjust to rapid changes in the cryptocurrency markets. Even as analysts increasingly began to question the Company's ability to manage inventory in the face of an uncertain cryptocurrency market, Defendants touted that NVIDIA and its executives are "masters at managing our channel, and we understand the channel very well." NVIDIA also repeatedly assured investors that surging demand for GPUs among cryptocurrency miners would not have a negative impact on the Company because of strong demand for GPUs by NVIDIA's core customer base of computer gamers. As a result of these misrepresentations, NVIDIA shares traded at artificially inflated prices throughout the Class Period.

Sign up for free to create a personalized portfolio with tracking and e-mail alerts for NVIDIA Corporation

First Identified Complaint

Iron Workers Local 580 Joint Funds, et al. v. NVIDIA Corporation, et al.

Date Filed:December 21st, 2018
Class Period Start:August 10th, 2017
Class Period End:November 15th, 2018
First Identified Complaint Filings
#Document TitleFiling Date