Lawsuit filed for Investors who lost money with shares of Monolithic Power Systems, Inc. (NASDAQ: MPWR)

An investor, who purchased shares of Monolithic Power Systems, Inc. (NASDAQ: MPWR), filed a lawsuit over alleged violations of Federal Securities Laws by Monolithic Power Systems, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Monolithic Power Systems, Inc. (NASDAQ: MPWR) have certain options and for certain investors are short and strict deadlines running. Deadline: April 7, 2025. NASDAQ: MPWR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Kirkland, WA based Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets.

Monolithic Power Systems, Inc. (NASDAQ: MPWR) reported that its annual Total Revenue increased from over $1.78 billion in 2022 to over $1.82 billion in 2023, and that its Net Income declined from $437.67 million in 2022 to $427.37 million in 2023.

On October 30, 2024, Monolithic Power Systems announced financial results for its fiscal quarter ending September 30, 2024, revealing a sudden and surprising slowdown in Monolithic Power Systems' critical Enterprise Data segment. Specifically, Monolithic Power Systems reported that quarterly revenue within Monolithic Power Systems' Enterprise Data business declined sequentially to $184 million, down from $187 million in the prior quarter, missing consensus estimates of $211 million by nearly 13%.

Then, on November 11, 2024, Edgewater Research analysts published a report revealing that Nvidia had cancelled half of its outstanding Monolithic Power Systems orders and intended to eliminate Monolithic Power Systems' allocation to most variants of its next-generation Blackwell chips due to "[p]erformance issues" with Monolithic Power Systems' products. The report further disclosed that Nvidia engineers had "lost confidence" in Monolithic Power Systems' products and decided to turn to Monolithic Power Systems' competitors as Nvidia's "primary suppliers."

Shares of Monolithic Power Systems, Inc. (NASDAQ: MPWR) declined from $9.59.64 per share on August 2024, to $546.71 per share on November 20, 2024.

The plaintiff claims that between February 8, 2024 and November 8, 2024, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Monolithic Power Systems' voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (ii) these defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (iii) Monolithic Power Systems had failed to adequately address and resolve known issues affecting the performance of the power management solutions Monolithic Power Systems supplied to Nvidia; (iv) Monolithic Power Systems' relationship with Nvidia had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and Monolithic Power Systems' failure to adequately address such issues; and (v) as a result of the above, Monolithic Power Systems was acutely exposed to material undisclosed risks of significant business, financial, and reputational harm.

Those who purchased shares of Monolithic Power Systems, Inc. (NASDAQ: MPWR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.