Around this time last year, the topic of Nvidia included faulty GPUs, which ultimately ended up costing the firm millions of dollars, and stiff competition from a suddenly revitalized ATI. Now it's all about Nvidia's upcoming Fermi graphics and revenue gains.

Ending the third quarter on a positive note, Nvidia reported revenue of $903.2 million. Nvidia CEO Jen-Hsun Huang said that marks an increase of 16 percent over the previous quarter, and is slightly up from this same time last year when the graphics chip maker posted revenue of $897.7 million.

"We continued to make progress in the third quarter with healthy market demand across the board," said Jen-Hsun. "Revenue was up from a year ago, with improvement in each of our PC, professional solutions, and consumer businesses. It's great to see us shipping orders with our Tegra mobile-computing solution, and growing enthusiasm for our Tesla platform for parallel computing in the server and cloud-computing markets."

Nvidia CFO David White added that the company's GPU business was up almost 25 percent sequentially.

Image Credit: Nvidia