Nvidia (NASDAQ: NVDA ), the worldwide leader in graphics and digital media
processors, announced third-quarter earnings late last week. Excluding one-time
items, they actually were pretty good. As a result, NVDA stock jumped 3.5% in
heavy trading. While the news has traders excited, I wouldnt get carried away
here. Nvidias stock is bouncing off 52-week lows for a reason. NVDA shareholders
might want to consider getting out on the bounce and reinvesting the proceeds in
Advanced Micro Devices (NYSE: AMD ). Heres why: A Look Ahead Nvidias
third-quarter 2012 adjusted earnings per share were 31 cents five cents higher
than the Zacks consensus estimate. On the top line, its revenue grew 26.4%
year-over-year to $1.7 billion. More relevant was the 4.9% increase from the
second quarter. No doubt these results are better than expected. But when it
came to providing an outlook for the fourth quarter, all Nvidia could come up
with was revenues flat with the third quarter. The company was upbeat in its
conference call, noting that its Tegra mobile processor for phones and tablets
saw revenues increase 14% to $191 million. However, the fact that Nvidia
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