Nvidia (NVDA) lowers guidance

So there was an inventory issue in graphics cards and I suggested shorting Nvidia into Goldman's upgrade.

The company just preannounced significantly lower sales than forecast -- consensus is close to 1.1 billion and they're saying 875-950 mil. They cite the delay of Intel's Montevina, a lousy worldwide economy and lower pricing assumptions to fend off competitive threats. I do think the worldwide economy is a great excuse but I think Nvidia was stuck on a growth trajectory it couldn't maintain. They were overproducing and it bit them in the ass.

They're also taking a massive $200 million dollar charge against products failing at unusual rates in the field due to what appear to be heat issues from the description of the problem.