NVIDIA Corporation

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Case Summary
Company Name: NVIDIA Corporation
Stock Symbol : NASDAQ: NVDA
Class Period Start: 08/10/2017
Class Period End: 11/15/2018
Lead Plaintiff motion: 02/19/2019
Date Filed: 12/21/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the February 19, 2019 lead plaintiff deadline in a class action lawsuit filed against NVIDIA Corporation (NASDAQ: NVDA) (“NVIDIA” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased NVIDIA Corporation securities between August 10, 2017 - November 15, 2018, have until February 19, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased NVIDIA Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during 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.

On November 15, 2018, the Company reduced its revenue guidance for the 4th quarter.

On this news, NVIDIA stock dropped sharply, damaging investors.

If you were negatively impacted by your investment in NVIDIA Corporation securities between August 10, 2017 - November 15, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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