On Monday, NVIDIA Corp (NASDAQ:NVDA) shares soared over 4% to top $514 each, marking a new record for the AI chipmaker. This surge in stock price came in response to Nvidia’s presentation at the CES event and news regarding its business dealings with China. What Happened: Since its recent low on Oct. 26, Nvidia’s stock has experienced a 27% increase, outperforming the S&P 500’s 14% growth during the same time frame. Despite Nvidia’s stock more than tripling in the last year, CNBC’s Jim Cramer said, “I think the company still is very undervalued,” according to a report by CNBC. Currently, Nvidi…

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