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Investors accept been beat Nvidia Corp. (NASDAQ: NVDA) like it’s on fire. But don’t be fooled: This banal has big assets to bear in the abreast future.

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In fact, this may be the best accord accessible in the banal bazaar appropriate now.

After peaking about $290 at the alpha of October, NVDA has absent almost bisected its value. Today, it trades at aloof beneath $145.

The culprit: the end of the cryptocurrency bubble.

Nvidia’s cartoon processing units (GPUs) are acclimated to abundance a cardinal of cryptocurrencies, and they became a hot article over the aftermost year or so as bodies were scrambling to get in on the action.

That, it angry out, was unsustainable. And now that the crypto chic has died down, Nvidia is larboard with surplus account on its hands.

As a result, investors are scrambling for the exits. Alike Softbank Group Corp. (OTCMKTS: SFTBY), one of NVDA’s better holders, is reportedly planning to dump its shares.

(At a $3 billion profit, it should be noted.)

There’s aloof one botheration with this anecdotal of Nvidia’s demise: It’s not a cryptocurrency company.

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Of all the affidavit to buy this stock, cryptocurrency was maybe fourth or fifth on the list. So now that the cryptocurrency bang has gone bust, it makes faculty to barber a little amount off the banal price.

But 50% is a massive overcorrection.

However, that’s acceptable account for our readers. Because NVDA has aloof gone from actuality a abundant buy to a must-have­ stock.

As Money Morning Chief Investment Strategist Keith Fitz-Gerald says, investors are acceptable to appear hasty aback afterwards the dust settles and they see the amount they larboard on the table.

Right on cue, our Money Morning Stock VQScore™ arrangement aloof upgraded NVDA to a top score.

Now, cryptocurrencies could accept a comeback, alike if the aberration of 2017 never returns. If and back that happens, Nvidia will acceptable account from it.

But the stock’s absolute amount lies elsewhere. Because over the aftermost several years, the aggregation has positioned itself as a baton in several of the better advancing sectors in the tech world, including esports, basic reality, bogus intelligence, and alike self-driving cars.

Unlike cryptocurrencies, those are markets that are on an unstoppable rise.

Over the aftermost several years, Nvidia has angled out far above the video bold bazaar that had been its primary focus back the 1990s. Frankly, the video bold bazaar abandoned ability be acumen abundant to acclaim the stock.

That’s in allotment because of the acceleration of esports.

That’s right. One of the hottest trends appropriate now is the acceleration of able sports leagues centered about video games. The leagues accept franchises, amateur contracts, sponsors, and aggregate abroad you would see in any above able sport.

Including assemblage – lots and lots of them. This year, the final annular of the League of Legends Apple Championship drew about 100 actor viewers. Those are aloof about on par with the Super Bowl.

Gamers in these leagues don’t charge helmets or cleats, and they absolutely don’t charge compression shorts. But back a breach additional of lag time can accommodation a player’s performance, a abundant cartoon agenda is capital gear. And Nvidia is one of the top providers.

According to Newzoo, esports is accepted to accompany in $1.1 billion abutting year, up from $493 actor in 2016. As the money rolls in, Nvidia will be to esports what Nike Inc. (NYSE: NKE) is to sports like baseball, football, and basketball.

Hand in duke with the acceleration of esports is the access of basic absoluteness into the mainstream. According to Orbis Research, basic absoluteness is set to be a $40 billion bazaar by 2020.

Nvidia is one of the above companies arch the way in the VR market. Its GPUs were the aboriginal to ability PCs that were accordant with the Oculus VR angle – and additionally the aboriginal to ability VR-ready notebooks.

The aggregation additionally produces the VRWorks software development kit, which is acclimated by top developers like Sólfar Studios and Valve Software to actualize some of the best accepted new VR adventures on the market.

The innovations don’t stop there. And as basic absoluteness begins to charge our media ambiance in the abutting few years, Nvidia stands to acquire huge benefits.

But back it comes to NVDA’s amount as a stock, video gaming is aloof the tip of the iceberg…

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