Bringing a case and wining a case are very different things.
It's always the case that half of them win and half of them lose !
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Bringing a case and wining a case are very different things.
The investors could have sold their stock in the right moment. But if nvidia told them to hold, wait and see, then, the responsibility is nvidia's.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NVIDIA Corporation (“NVIDIA” or “the Company”) (NASDAQ: NVDA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between August 10, 2017 and November 15, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before February 19, 2019.
If you are a shareholder who suffered a loss, click here to participate.
If I'm not mistaken, good old merica love suing and bring lawsuit toward everything and anything, simply because the system is designed in a way that people that bring the suits generally got nothing to lose but everything to gain, thus leading to people abusing the use of the system.
The investors could have sold their stock in the right moment. But if nvidia told them to hold, wait and see, then, the responsibility is nvidia's.
If I'm not mistaken, good old merica love suing and bring lawsuit toward everything and anything, simply because the system is designed in a way that people that bring the suits generally got nothing to lose but everything to gain, thus leading to people abusing the use of the system.
I think it's unfair to call stock investors gamblers to be honest. Stocks are not crypto . Some will gamble, yeah sure, as in any markets. I think there has been a degree of hiding the truth here by NVidia.This lawsuit is just complete BS. Nvidia failed to predict the future and gambling investors lost. Boohoo.
It's not even like nvidia profits are down.
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-third-quarter-fiscal-2019
They are actually up from last year. What are they supposed to do other than make profits? Somehow control the share price?
They definitely didn't say that. They said they would continue to make profits and they'll control the impact of the cryptoboom. Guess what, according to their revenue/profit numbers they did that.
It was the market which was pricing in a ridiculous P/E ratio which is now coming down to reasonable levels.
The P/E ratio even now is still 17.8. Think about what it was when nvidia share price was over double that.
https://ycharts.com/companies/NVDA/pe_ratio
High P/E ratios are supposed to mean that you expect profits (or at least there is a likelihood) to rise substantially and thereby making the price okay.
Here are Intel's numbers, a well established large tech manufacturing company.
https://ycharts.com/companies/INTC/pe_ratio
I'm annvidiashareholder and not a gambler.
Have you tried Investing yourself? .<insert facepalm image here>
NVIDIA Reports 45% Revenue Drop in Gaming Sales, Cites Lower Than Expected Sales of GeForce RTX 2080 & 2070 https://wccftech.com/nvidia-geforce-rtx-20-sales-lower-than-expected-45-percent-revenue-decline/
After the sales performance of this new gen of cards i should think so. Nvidia need to make up their minds stay with GPU`s or go down the AI hype road.