One tech CEO says Nvidia’s growth is the fastest “in the history of capitalism.”

The most recent quarterly report from Nvidia Corp. got a lot of good reviews. Ben Reitzes, an analyst at Melius Research, said it “had no real negatives.”

And while Nvidia shares NVDA, +2.57% are up 10% on Thursday morning, the latest set of impressive numbers from the company don’t seem to be the reason for that change. Instead, Wall Street is optimistic about what’s to come for Nvidia, especially now that the company is making its new Blackwell chip line.

Harsh Kumar, an analyst at Piper Sandler, said that this kind of talk was the “highlight of the call.” Kumar also said that Nvidia plans to ramp up Blackwell in the October quarter before full-scale deployments in the January quarter.

However, Nvidia’s numbers are still important to pay attention to. Since the chip company’s stock has gone up 92% so far this year and 209% over the past 12 months, expectations have gone up quite a bit. In fact, the buy side was only slightly disappointed when revenue for the April quarter of $26.0 billion, up 262% year-over-year, was just what they were looking for.

Matthew Ramsay, an analyst at TD Cowen, stopped to think about how far Nvidia has come in a year. Nvidia’s AI-fueled frenzy began in earnest in the July quarter of last year. At this point in 2023, the company shocked Wall Street by predicting that quarterly sales for that period could reach a record $11 billion. Now, Ramsay said, the company’s plans call for 2.5 times that amount.

Here are some more shocking numbers that could come up: Ramsay now thinks that data centres will bring in more than $100 billion in fiscal 2025, which is also what most people think. Data centre sales brought in $10.6 billion for Nvidia in fiscal 2022, $15 billion for fiscal 2023, and $47.5 billion for fiscal 2024. The fiscal year of the business ends in January.

The CEO of at least one other tech company showed respect for Nvidia’s quickly growing finances. Box Inc. BOX, -2.36% CEO Aaron Levie said that Nvidia’s ability to post $22.6 billion in quarterly data-center revenue after only seeing $4.3 billion the year before is simply a unique growth.

And there’s one other number to mind: the stock’s multiple. Nvidia shares “remain relatively inexpensive (~35x on forward earnings that are going up again today) with a narrative that is clearly nowhere near its end, and likely nowhere near its peak,” Bernstein analyst Stacy Rasgon wrote.

See Also : More than eight years, Nvidia’s stock price has gone up more than the S&P 500.