The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of NVIDIA Corporation ("NVIDIA") (NASDAQGS: NVDA) who purchased shares between August 10, 2017 and November 15, 2018.
During the class period, in response to analysts’ questions concerning the Company’s ability to manage inventory in the fact of uncertain cryptocurrency markets, Defendants assured investors that they were following the cryptocurrency markets closely and could therefore adjust to possible rapid changes. Defendants then touted that the Company and its executives were “masters at managing [its] channel” and “understand the channel very well.” Moreover, NVIDIA assured investors that surging demand for GPUs among cryptocurrency miners would not have a negative impact on the Company because of a strong demand for GPUs by NVIDIA's core customer base of computer gamers. These statements were false and misleading. As a result of these misrepresentations, NVIDIA shares traded at artificially inflated prices throughout the Class Period.
Shareholders have until February 19, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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