Nvidia revises Q4 forecasts

ALTHOUGH CURRENTLY holding the performance crown in GPU performance, Nvidia is revising its forecasted Q4 revenue expectations, down down and down.

Nvidia bean-counters reviewed the fourth quarter revenue again and again until they came up with a "40 percent to 50 percent" revenue decline due to weak user demand and "inventory reductions by Nvidia's channel partners".

To put things in perspective, Nvidia came up $897.7 million in Q3. A 40 to 50 per cent decline would mean Q4 will be a rather meager $448~538 million. That's also way down from $1.2 billion revenue in Q4 last year.

The "inventory reductions" also boil down to this: come recession time, partners are very conservative and don't want to be left holding on to a lot of cards, especially if said cards carry a certain symptom that Charlie might've mentioned a time or two...

However, it seems being straightforward about your financial woes goes down well with the shareholder crowd, as Nvidia's stock barely flinched to the announcement.

Any Nvidia stockholders care to mail in any guidance they received about this? µ