March 2, 2021 - The court granted the defendants' motion to dismiss. The case was dismissed.

June 29, 2020 - A motion to dismiss the amended consolidated complaint was filed.

May 13, 2020 - An amended consolidated complaint was filed.

March 16, 2020 - The court granted in part and denying in part the defendants' motion to dismiss with leave to amend.

August 2, 2019 - A motion to dismiss the case was filed.

June 21, 2019 - A consolidated complaint was filed.

December 21, 2018 - An investor in shares of NVIDIA Corporation (NASDAQ: NVDA) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by NVIDIA Corporation in connection with certain allegedly false and misleading statements made between August 10, 2017 and November 15, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of NVIDIA Corporation (NASDAQ: NVDA) common shares between August 10, 2017 and November 15, 2018, that the defendants violated Federal Securities Laws. More specifically, 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.

Santa Clara, CA based NVIDIA Corporation operates as a visual computing company worldwide. NVIDIA Corporation reported that its Total Revenue rose from $6.91 billion for the 12 months period that ended on January 29, 2017 to over $9.71 billion for the 12 months period that ended on January 28, 2018 and that its Net Income over those respective time periods increased from over $1.66 billion to over $3.04 billion.

ON August 16, 2018, NVIDIA Corporation reported its financial results for its second quarter 2018. Among other things, NVIDIA Corporation revised its outlook for the third quarter of 2018.

Shares of NVIDIA Corporation (NASDAQ: NVDA) reached in October 2018 as high as $292.06 per share.

On November 15, 2018, NVIDIA Corporation disclosed that its revenue would decline by over 7% for the fourth fiscal quarter, sharply cutting its revenue guidance. NVIDIA blamed the poor financial results on lower demand from cryptocurrency-related purchasers, which resulted in an oversupplied inventory of midrange GPUs. This inventory of GPUs had stored up in the channel before cryptocurrency-related demand for NVIDIA’s GPUs rapidly declined.

Shares of NVIDIA Corporation (NASDAQ: NVDA) declined to as low as $133.31 per share on November 20, 2018, respectively $124.46 per share on December 26, 2018.