CNBC's Jim Cramer echoed a Wall Street analyst's call that Nvidia (NVDA) shares have more room to run, despite more than tripling in price this year.
Nvidia was up Monday after analysts at Melius Research said the stock was "quite cheap" compared to other semiconductor peers.
The analysts said Nvidia's software is not "fully appreciated" yet by investors.
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Nvidia stock, one of the 35 holdings in Cramer's Charitable Trust, closed at a record high on Nov. 20 — just above $504 per share.
Persons:
CNBC's Jim Cramer, Jim Cramer's, Cramer, Melius
Organizations:
Nvidia, Melius Research