MPS(MPWR) Prnewswire·2025-03-10 12:33Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged issues related to its securities during a specified class period [1][2]. Company Overview - Monolithic Power Systems, Inc. is headquartered in Kirkland, WA, and specializes in power management components for electronic systems [2]. - The company's largest customer is Nvidia Corporation, a leading supplier of GPUs [2]. Lawsuit Details - The lawsuit pertains to purchasers of Monolithic Power securities between February 8, 2024, and November 8, 2024 [1]. - Investors have until April 7, 2025, to seek appointment as lead plaintiff representative of the class [2]. Impact of Nvidia's Actions - On November 11, 2024, a report from Edgewater Research indicated that Nvidia canceled half of its outstanding orders with Monolithic Power and planned to exclude its products from future chip generations due to performance issues [3]. - Following this news, Monolithic Power's share price dropped by 761.30 on November 8, 2024, to $647.31 on November 11, 2024 [4].