NVIDIA Corporation (NASDAQ: NVDA)

DEFENDANT NAME: NVIDIA Corporation
STOCK SYMBOL: NASDAQ: NVDA
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the Northern District of California
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Aug. 10, 2017 - Nov. 15, 2018
LEAD PLAINTIFF DEADLINE: Feb. 19, 2019
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 NVDA@hbsslaw.com

Hagens Berman Sobol Shapiro LLP alerts investors in NVIDIA Corporation (NASDAQ: NVDA) to the February 19, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Northern District of California.

If you purchased or otherwise acquired shares of NVDA between August 10, 2017 and November 15, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing NVDA@hbsslaw.com.

According to the complaint, Defendants misled investors by repeatedly assuring them that NVIDIA and senior management closely followed the cryptocurrency mining channel and could adjust the Company’s graphic processing unit (“GPU”) inventory to rapid changes in that channel.

Then, on November 15, 2018, Defendants slashed revenue guidance for NVIDIA’s fourth quarter and blamed surging GPU inventory built up before the rapid fade of cryptocurrency mining.

In response, the price of NVIDIA shares fell about 28%, during two trading sessions to close at $144.70 on November 19, 2018.

In the wake of these events, certain analysts have downgraded NVIDIA stock and at least one large institution reportedly dumped its NVIDIA stake.

“We’re focused on investors’ losses, the extent to which management’s statements about GPU inventory and the Company’s apparent dependence on the crypto mining channel may have been misleading, and whether certain insider selling before the November 15 disclosures was improper,” said Hagens Berman partner Reed Kathrein.


Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.

Back to all cases

Contact:

Please fill out the form below and we will get back to you as soon as we can.
 
*
*
*
*
*
*Required Field
Please list the date, quantity and share price of your purchases/sales during the Class Period so that we can calculate your losses. *
Upload your trade information. *
*
*
*
*
 

Case videos

Case Gallery

Case Timeline

01/15/19: Investigation