Shares of Take-Two Interactive Software (TTWO) are taking off Wednesday, up 11% and hitting new 52-week and all-time highs.

The company beat on earnings per share and revenue expectations and provided solid fiscal 2018 guidance (current year). Shares are now up 140% in 2017, TheStreet's Jim Cramer pointed out on CNBC's "Mad Dash" segment.

Take-Two used to have an up-and-down, volatile business. Now, though, it's "a great secular growth story" in the gaming industry, he said. It's Grand Theft Auto and NBA 2K franchises are huge hits, while its upcoming Red Dead Redemption 2 should do well, too.

These games need Nvidia (NVDA) chips to run, and Cramer reminded investors that the company reports earnings on Nov. 9 after the close.

Take-Two has diverged from Electronic Arts (EA) and Activision Blizzard (ATVI) , he added. It's no longer the low man on the totem pole, although it is the smallest company by market cap of the three. Take-Two has some very respectable franchises.

The company -- and industry as a whole, really -- is benefitting from the stay-at-home economy. Even in the restaurant space, the stay-at-home economy is becoming obvious, noted Cramer, who also manages the Action Alerts PLUS charitable trust portfolio.

Take-Two has an excellent source of recurring, dependable revenue. It would have made sense for a company -- like Time Warner (TWX) -- to acquire it a year or so ago, Cramer concluded.

Nvidia and Activision Blizzard are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells NVDA or ATVI? Learn more now.

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At the time of publication, Cramer's Action Alerts PLUS had a position in NVDA and ATVI. 

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