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ATTENTION NASDAQ: MPWR INVESTORS: Contact Berger Montague About a Monolithic Power Class Action Lawsuit
MPWRMPS(MPWR) GlobeNewswire News Room·2025-03-03 13:33

Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for the period between February 8, 2024, and November 8, 2024, due to significant issues with its largest customer, Nvidia Corporation [1][3]. Company Overview - Monolithic Power Systems, Inc. is headquartered in Kirkland, WA, and specializes in power management components for electronic systems [3]. - The company's largest customer is Nvidia Corporation, a leading supplier of GPUs [3]. Lawsuit Details - The lawsuit is on behalf of investors who purchased Monolithic Power securities during the specified Class Period [1]. - Investors have until April 7, 2025, to seek appointment as lead plaintiff representative of the class [3]. Key Events - On November 11, 2024, a report from Edgewater Research indicated that Nvidia had canceled half of its outstanding orders with Monolithic Power and planned to exclude its products from future chip generations due to performance issues [4]. - Following this news, Monolithic Power's share price dropped by 114,or15114, or 15%, from 761.30 on November 8, 2024, to $647.31 on November 11, 2024 [5].