"Nvidia delivered in-line results and guided revenues slightly above the consensus view for the October quarter, quite a feat given macro uncertainty and general weakness for PCs," according to a research note by Canaccord Genuity.

--Cisco said Wednesday that quarterly sales rose year on year by 3.3 percent to $11.2 billion. It was seen as a positive sign for the networking giant, whose growth has slowed over the last few quarters. Though about one-third year over year, to $1.2 billion, the decline was a result of one-time charges for restructuring, a move that analysts have applauded. The results bettered analyst forecasts.

--The value of online sales in the second quarter jumped 14 percent year over year, to $37.5 billion,

. It was the third consecutive quarter of double-digit sales growth, and the seventh straight quarter of growth overall.

--Though iPad sales have been strong and account for a large degree of investor confidence in Apple, there is good news for Android based tablets as well, according to a . Shipments of Android-based tablets are expected to grow 134 percent next year compared to this year, totaling 54 million to 55 million units, the report said. Tablets have been a bright spot in consumer electronic sales, even as spending on PCs has slowed this year.