LOS ANGELES, Jan. 10, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MicroCloud Hologram Inc. ("MicroCloud" or "the Company") (NASDAQ: HOLO) for violations of the securities laws.
LOS ANGELES, Jan. 10, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MicroCloud Hologram Inc. ("MicroCloud" or "the Company") (NASDAQ: HOLO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. MicroCloud was among several quantum computing companies who suffered sharp drops in share price on January 8, 2025, after Nvidia CEO Jensen Huang stated that "useful quantum computers" are at least 20 years away. Following Huang's comments, shares of MicroCloud fell by 30% on the same day.
According to a recent class action lawsuit, the materially false or misleading statements that Nvidia CEO Huang made on January 8, 2025, regarding the state of quantum computing, artificially depressed the market price of MicroCloud's securities. Had investors been aware of the true nature of Huang's statements, they would not have suffered such significant losses and damages.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
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