A lawsuit was filed on behalf of investors in NVIDIA Corporation (NASDAQ: NVDA) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/14/2019 -- An investor, who purchased shares of NVIDIA Corporation (NASDAQ: NVDA), filed a lawsuit over alleged violations of Federal Securities Laws by NVIDIA Corporation.
Investors who purchased shares of NVIDIA Corporation (NASDAQ: NVDA) have certain options and for certain investors are short and strict deadlines running. Deadline: February 19, 2019. NASDAQ: NVDA investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between August 10, 2017 and November 15, 2018, the Defendants assured investors that the Company followed the market closely and could adjust to rapid changes in the cryptocurrency markets, that 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", that 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, and that as a result of these misrepresentations, NVIDIA shares traded at artificially inflated prices between August 10, 2017 and November 15, 2018.
Those who purchased shares of NVIDIA Corporation (NASDAQ: NVDA) have certain options and should contact the Shareholders Foundation.
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