UCTT Deadline: Rosen Law Firm Urges Ultra Clean Holdings, Inc. (NASDAQ: UCTT) Stockholders with Losses in Excess of $100k to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a class action on behalf of purchasers of securities of Ultra Clean Holdings, Inc. (NASDAQ: UCTT) between May 6, 2024 through February 24, 2025. Ultra Clean is a developer and supplier of subsystems, components, parts, and ultrahigh purity cleaning and analytical services primarily for the semiconductor industry.
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that Ultra Clean Holdings, Inc. (NASDAQ: UCTT) Misled Investors Regarding its Business Operations.
According to the lawsuit, during the Class Period, defendants created the false impression that they possessed reliable information pertaining to the demand for Ultra Clean's products and services in the domestic Chinese market. In truth, Ultra Clean's optimistic reports of significant growth and increased earnings potential fell short of reality as they failed to incorporate the impending weaker demand due to issues one of its major customers was facing, extended qualification timelines, and inventory absorption, particularly given the volatility of the semiconductor industry.
What Now: You may be eligible to participate in the class action against Ultra Clean Holdings, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by May 23, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Opinion: Thank You ‘Fewer Toys' Trump, You're a Bigger Grinch than Me
Trump made headlines this week for going all Marie Kondo on the American economy—and I am here for it. During an interview with Meet the Press's Kristen Welker, Trump answered a question about rising prices due to his tariffs on China by declaring his aversion to the excesses of American-style capitalism: 'I don't think that a beautiful baby girl—that's 11 years old—needs to have 30 dolls,' said the President, before continuing later in the interview, 'They can have three.' In that same interview, he also stated that the nation's rates of pencil ownership have gotten out of control: 'They don't need to have 250 pencils,' he decreed of the sick stationery addicts among us. 'They can have five.' Exactly right! Families across the nation going broke trying to keep up with the latest pencil innovations. Our strategic graphite reserves at an all-time low. Finally, an American president has the courage to stand up to those b----rds at Dixon-Ticonderoga. Is it surprising that the President of the United States is now dictating how many dolls, crayons, vaccines or eggs children need? Sure, a little bit. But why should it be? Many of the world's great leaders have advocated for a centrally planned command economy—Josef Stalin and Mao Tse-Tung come to mind. And funnily enough, I've been making the argument that we waste too much money on cheap plastic cr-p from China to my wife for years, especially at Christmas when the kids were young. 'A Grinch,' she used to call me, a charge I have never denied. So I'm delighted to discover that the First Family hates Christmas as much as I do, although maybe I should have guessed as much during the first Trump administration when Melania apparently took her seasonal decorating theme from The Shining. Speaking of which, I was also heartened to see Trump's intention to impose 100% tariffs on foreign films. Why do we need to shoot films abroad when we've already got the entire world built to scale in Las Vegas? And why stop there either? I'd also like to see a 100% tariff on subtitles and on elevator music that sounds a little too 'ethnic.' Economists are warning that the significant impacts of Trump's economic policies should hit our shores this week, as the first Chinese ships to leave port following the imposition of the tariffs begin arriving in the U.S. Speaking with CNN, Gene Seroka, executive director of the Port of Los Angeles, said that 'cargo coming into Los Angeles will be down 35% compared for a year ago.' Fewer shipping containers means less work for dockworkers, fewer hauls for truckers, fewer products for sale. Will shortages follow? Some economists think so, with consumers likely to experience scarcity and/or price hikes in toys, footwear, glassware, cutlery, furniture, bedding and clothing—as are U.S. companies that rely on China for plastic, iron, steel and electronic components. One has to wonder whether Trump's message of austerity will fly among his own base. Republican orthodoxy has always been 'buy, buy, buy!' Following 9/11, for example, George W. Bush's message to the nation was, in effect, 'Go shopping.' After any one of our nation's frequent mass shootings, Republicans respond to calls for gun control by saying it isn't a matter of needing to own more guns, but of having the right to own as many as we, the people choose. How many guns do Americans get, Mr. President? Is it more or less than the number of pencils? We are told that any pain caused by these tariffs is likely to be short-lived. Treasury Secretary Scott Bessent reassured investors at the Milken Institute this week, claiming that, 'the result of the president's economic plan will be more. More jobs, more homes, more growth, more factories, more critical manufacturing plants, more semiconductors, more energy, more opportunity, more defense, more economic security, more innovation.' That may end up being the case, although it's hard to see where all the new jobs are coming from, or the wood to build all those new homes. It's difficult to envision factories springing up across the heartland paying American wages to American workers. It's difficult to see how cutting ourselves from the world will lead to more opportunity. But while it's tough to see how destroying our trade relationships creates more economic security (or national security) rather than less, I do agree with the Treasury Secretary that we are likely to see more innovation. After all, nothing inspires creativity like empty shelves.
Yahoo
13 minutes ago
- Yahoo
China confirms upcoming trade talks with the US
The Chinese government on Saturday confirmed Monday's meeting in the United Kingdom of its senior representatives with their US counterparts. Vice Premier He Lifeng will visit the UK from June 8 to 13 at the invitation of the British government, a spokesman for the Foreign Ministry announced. During his stay, he will hold the first meeting regarding the economic and trade mechanism between China and the United States, the ministry said. It did not provide any additional details about the Chinese delegation. Trump announces talks US President Donald Trump announced on his online platform Truth Social on Friday that senior representatives from the US and China would meet in London for further trade talks. The US delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, Trump said. According to Trump, the talks will focus on the details of a trade agreement concluded in May between the two largest economies. In the tariff dispute, Trump had temporarily raised punitive tariffs on imports from China to the US to as much as 145%, prompting Beijing to respond with retaliatory tariffs. Disputes beyond tariffs Other contentious issues between the two countries include US restrictions on the sale of key technology products, such as chip design software, to China. Washington, in turn, is not happy with China's export controls on rare earths. The Commerce Ministry in Beijing once again justified the controls, stating that raw materials are goods for both civilian and military purposes, according to an evening statement. In line with the law, China has issued a certain number of export licences and is ready to strengthen exchanges with the relevant countries regarding rare earths.
Yahoo
27 minutes ago
- Yahoo
Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030
Nvidia is currently the world's largest company by market cap. The semiconductor giant still has a lot of room for growth, considering the potential investment in artificial intelligence (AI) infrastructure over the next five years. Nvidia has additional catalysts coming into play that could allow it to sustain terrific growth and hit a $6 trillion valuation in the future. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is the most valuable company in the world as of this writing, with a market cap of $3.4 trillion, and it has reached this position thanks to a tremendous rally of more than 1,500% in its stock price in the past five years. Investors will now be wondering if Nvidia has the potential to deliver more upside over the next five years following this phenomenal run. However, don't be surprised to see this semiconductor giant's shares jump higher and attain a $6 trillion valuation by the end of the decade. Let's take a closer look at the factors that could help Nvidia hit that milestone by 2030. Robust demand for Nvidia's AI chips has been the biggest reason behind the stock's terrific surge in recent years. The good part is that Nvidia continues to generate a massive amount of revenue from its AI chip business despite tackling headwinds such as export restrictions to key markets like China. This was evident from Nvidia's latest results for the first quarter of fiscal 2026 (which ended on April 27). The company's revenue shot up 69% year over year to $44.1 billion during the quarter, even though it lost $2.5 billion in revenue in fiscal Q1, owing to the restrictions on sales of its chips to China. The chipmaker also incurred a $4.5 billion inventory charge to write down the value of chips that were intended for the Chinese market. Moreover, Nvidia's fiscal Q2 revenue would take an $8 billion hit on account of the China-related restrictions. But the good part is that the company's guidance for the current quarter still calls for a 50% year-over-year increase in revenue, while its earnings are expected to increase by 44% despite anticipated loss in Chinese revenue. CEO Jensen Huang admitted on Nvidia's latest earnings conference call that the $50 billion Chinese market is now effectively closed to U.S. players such as Nvidia. Even then, analysts have increased their revenue estimates. That's not surprising, as Nvidia still has a massive sales opportunity in AI chips beyond the Chinese market. It is now entering new markets such as Saudi Arabia to build AI factories "powered by several hundred thousand of Nvidia's most advanced GPUs over the next five years," according to the company. Additionally, massive AI infrastructure projects such as Stargate, from which Nvidia has started benefiting already, could help it mitigate the lost opportunity in China. Management consulting firm McKinsey & Company predicts that AI-capable data centers could require investments worth a whopping $5.2 trillion by 2030 to build enough computing power to handle training and inference workloads. So investors would do well to look past the China-related problems that Nvidia is currently facing, as the broader opportunity in the AI data center market should be lucrative enough to help the chipmaker keep growing at a healthy pace for the next five years. Moreover, Nvidia is showing no signs of losing its grip over the AI chip market. Its data center revenue shot up an impressive 73% year over year to $39 billion in the previous quarter. That was miles ahead of Broadcom's $4 billion AI revenue and AMD's $3.7 billion data center sales in the previous quarter, the two chipmakers that are considered to be the closest to Nvidia in the AI chip race. Nvidia's data center growth was higher than the 57% growth recorded by AMD in this segment and close to the 77% growth in Broadcom's AI revenue, even though it has a much larger revenue base. This is a testament to just how popular Nvidia's AI chips are, with the company's latest generation of Blackwell processors already a major hit among cloud computing giants within two quarters of hitting the market. Even better, Nvidia has moved past just selling AI hardware. It also offers access to models that help customers train and deploy AI agents, along with other enterprise AI applications that allow customers to improve the efficiency of their large language models (LLMs). Its enterprise platforms are gaining traction in diverse industries such as cybersecurity and restaurants where companies are deploying Nvidia's solutions to streamline their operations or to build agentic AI applications. All this indicates that investors shouldn't miss the forest for the trees, as Nvidia's long-term prospects aren't dependent on just China. There is still a lot of room for growth in the AI chip market, and the company's diversification into other areas such as enterprise AI applications and automotive should be enough to power remarkable growth over the next five years. Nvidia is currently trading at 23 times sales. While that's three times the U.S. technology sector's average price-to-sales ratio, the company's dominant position in AI chips, the prospects of this market, and the other catalysts that are coming into play help justify that valuation. We have already seen in the chart that Nvidia's top line is expected to jump to $292 billion in three years. If it maintains its sales multiple at that time, it will be able to easily surpass a $6 trillion valuation in just three years, representing a big jump from current levels. However, if we assume Nvidia's top-line growth slows after fiscal 2028 to an annual rate of 15% in fiscal 2029 and 2030 from the 31% compound annual growth rate that it is forecast to clock between fiscal 2026 and 2028 (using fiscal 2025 revenue of $130.5 billion as the base), its annual revenue could jump to $386 billion after five years. If Nvidia trades at a discounted 15 times sales at that time, it could still hit a $6 trillion valuation by 2030. So, investors can still consider buying this AI stock in anticipation of more upside in the long run, as it seems capable of maintaining its healthy growth rate over the next five years. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
