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Technology Stocks : Disruption Innovation

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From: Frank Sully11/15/2021 2:45:25 PM
   of 1031
Motley Fool on NVIDIA

Some companies receive accolades that they really don't deserve. But when my Motley Fool colleague Trevor Jennewine recently wrote that Nvidia ( NASDAQ:NVDA) is one of the top companies shaping the future of technology, I agreed 100%.

Nvidia is best known for its graphics process units (GPUs) that power video games. However, the company now makes nearly as much money from selling GPUs for use in data centers. Both areas should continue to be major growth drivers for Nvidia.

The company also has a big opportunity in the self-driving car market. Nvidiaisn't just a chipmaker. It has also developed software on top of its chips to create a platform specifically designed for autonomous vehicles.

Then there's the most potentially disruptive arena of all -- the metaverse. Nvidia CEO Jensen Huang thinks the metaverse economy could eventually be bigger than the economy of the physical world. And Nvidia's technology is poised to provide the foundation for the metaverse.

Don't fret that Nvidia already has a market cap of close to $760 billion. This stock still has plenty of room to run.
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