Core Viewpoint - A class action lawsuit has been initiated against Monolithic Power Systems, alleging misleading statements and undisclosed performance issues with its products, particularly affecting its relationship with Nvidia [3]. Group 1: Class Action Lawsuit - The class action represents investors who purchased Monolithic Power Systems securities between February 8, 2024, and November 8, 2024 [1]. - Investors have until April 7, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that the company failed to disclose significant performance and quality control issues with its voltage regulator modules and power management integrated circuits [3]. Group 2: Financial Performance - On October 30, 2024, Monolithic Power Systems reported a revenue decline in its Enterprise Data segment to $184 million, missing analysts' estimates of $211 million by nearly 13% [4]. - Following this financial report, the company's stock price dropped more than 17% [4]. Group 3: Relationship with Nvidia - A report from Edgewater Research on November 11, 2024, indicated that Nvidia canceled half of its outstanding orders with Monolithic Power Systems due to performance issues [5]. - Nvidia's engineers reportedly lost confidence in Monolithic Power Systems' components, leading to a shift towards competitors [5]. - Following the news of order cancellations, Monolithic Power Systems' stock price fell nearly 15% [5].

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, or 15%, from $761.30 on November 8, 2024, to $647.31 on November 11, 2024 [5].