SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in NVIDIA Corporation of Class Action Lawsuit and Upcoming Deadline - NVDA

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NEW YORK, NY / ACCESSWIRE / February 12, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against, NVIDIA Corporation ("NVIDIA" or the "Company") (NVDA) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and indexed under 18-cv-07783, is on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who purchased or otherwise, acquired NVIDIA securities between August 10, 2017 through November 15, 2018, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased NVIDIA securities between August 10, 2017, and November 15, 2018, both dates inclusive, you have until February 19, 2019, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

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NVIDIA is a computer technology company founded in 1993 and is headquartered in Santa Clara, California. NVIDIA designs and sells graphics processing units ("GPUs") and software, traditionally in the computer gaming market. NVIDIA's business has since expanded to include GPUs used in connection with, inter alia, cryptocurrencies. NVIDIA's business in the cryptocurrency market, infamous for its growth and volatility, became especially integral to investors.

Defendants represented to investors that NVIDIA could competently navigate the cryptocurrency market throughout the Class Period. For example, Defendants assured investors that NVIDIA and its executives are "masters at managing [the Company's] channel" and "understand the channel very well," despite analysts' increasing qualms regarding NVIDIA's inventory management in that market. NVIDIA also consistently downplayed the Company's growing reliance on cryptocurrency-related sales, representing to investors that the cryptocurrency market made up little of NVIDIA's revenue. Defendants also touted the strong demand for its computer gaming GPUs, assuring investors that NVIDIA's computer gaming customer base would compensate for any decline in revenue from cryptocurrency-related sales.