Nevertheless, the solid profit report did not move analysts, most of whom have "hold" or "neutral" guidance for Nvidia shares, to change the overall stance on the company.

Canaccord Genuity analyst David Rovelli maintained his hold rating on the chip maker, as a result of potential weak PC demand and hard drive shortages going forward. "Shortages are poised to worsen beyond December and could negatively impact desktop production, an area of expected near term growth for the company," Rovelli wrote in a research note.

Hardware shortages are largely expected due to floods in Thailand. The floods will have an impact on PCs through the first half of 2012, Thursday. With operations disrupted at more than a dozen hard disk drive (HDD) factories, damage to the industry is significant, IDC said.

In the first half of 2011, Thailand accounted for as much as 45 percent of worldwide HDD production. As of early November, nearly half of this capacity was directly impacted by the flooding, which could lead to worldwide shipments dropping by as much as 20 percent in the first quarter compared to previous projections, IDC said.

Hard-drive costs are also likely to rise, which will lead to an increase in PC prices as well, IDC said.