Jim Cramer says this data center stock could soar if more analysts cover it

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 rose on Tuesday to start the shortened trading week as investors await a potential U.S.-Iran deal to end the war. The rally was driven by technology stocks, including memory- and storage-related names such as Micron , Western Digita l, and Seagate . Another big gainer was Arm, which we decided to trim after its 46% gain last week and 80% increase since our April initiation. As Jeff Marks wrote in the trade alert, "We don't buy parabolic moves; we take profits." Notably absent from the market upswing: Nvidia. That's disappointing, Jim Cramer said, who added the chipmaker has to "do a capital allocation in order to keep up with what I regard as companies that aren't as good." In his column on Monday, Jim said Nvidia may need to follow Apple's playbook and return cash to shareholders through more stock buybacks and higher dividends. 2. Qnity shares increased more than 3% to $162, but Jim said they could hit $250 if coverage broadened beyond a small pool of Wall Street analysts that cover the materials sector. The company, spun off from DuPont in the fall, is a technology firm that supplies the materials and chemicals used to make advanced computer chips. Jim said tech analysts should cover the company, too. 3. …