Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Monolithic Power Systems, Inc. due to a class action lawsuit alleging breaches of fiduciary duties by the board of directors [1] Company Overview - Monolithic Power Systems is a provider of power management components used in electronic systems, with Nvidia Corporation as its largest customer [2] Class Action Lawsuit Details - The class action lawsuit claims that Monolithic Power Systems made false or misleading statements regarding the performance and quality control of its voltage regulator modules and power management integrated circuits [3] - Allegations include that these issues negatively impacted Nvidia's products, that Monolithic Power Systems failed to address known performance issues, and that its relationship with Nvidia was irreparably damaged [3] - The lawsuit asserts that Monolithic Power Systems was exposed to significant undisclosed risks affecting its business, financial standing, and reputation [3] Financial Performance - On October 30, 2024, Monolithic Power Systems reported a decline in quarterly revenue for its Enterprise Data segment, falling to $184 million from $187 million, missing estimates by nearly 13% [4] - Following this announcement, the stock price dropped over 17% [4] Customer Relationship Issues - A report from Edgewater Research on November 11, 2024, indicated that Nvidia canceled half of its orders with Monolithic Power Systems due to performance issues, leading Nvidia to seek alternative suppliers [5] - This news resulted in a nearly 15% decline in Monolithic Power Systems' stock price [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].