In theory you will probably get a crashed driver first or maybe a shutdown but it is possible that part of the card/memory is overheating and may eventually fail. But then this can also happen at stock clocks if you are very unlucky.
With regards to warranty, I am not sure. If they can prove you overclocked then I am sure they would void your warranty but I am not sure they would notice
With regards to warranty, I am not sure. If they can prove you overclocked then I am sure they would void your warranty but I am not sure they would notice