By: Brett Neuling
You probably heard this: Billionaire Elon Musk came up with this seemingly crazy idea that all his Tesla electric cars will soon be self-driving.
Yes, Musk is a genuine genius and I'm a huge believer in where Tesla is steering the entire auto industry.
But I have never seen so many people get so excited about a single peach while ignoring the entire orchard.
You see, while all of the talking heads in the media go on and on about Tesla and its potential, they're not telling you the really BIG story behind it all. It's the giant prize that Tesla and hundreds of other companies are chasing.
And before you ask, no… it's not self-driving cars.Self-driving cars could be almost insignificant compared to this new technology.
Consider that the global self-driving market is supposed to reach US$42 billion by 2025, according to Boston Consulting Group.
But the tech I'm talking about? McKinsey and Co. believes it will bea US$19.9 trillion market.
That's 452 times bigger than self-driving cars!
And as huge as that number is, consulting firm Accenture says 87% of consumers don't even understand what this technology is.
What an opportunity that presents!
It's going to be so big that companies like Cisco and Intel are budgetingbillionsto be a part of it.
But again, 87% of consumers don't yet understand what it is. 7 out of 8 people you see walking down the street are missing out.
And we believe that presents a huge opportunity for us individual investors. We're not market timers here at The Motley Fool, but we certainly don't mind investing before the crowd catches on!
And that crowd may be just around the corner…
You see, there is a special technology that some are calling "bigger than the internet." In fact, it's the technology that is behind much of what Amazon does.
The masses will soon be catching on as this tech gets more and more popular. And I suspect when they do, they'll be focusing on obvious names… like Cisco and Intel… as they look for their share of the pie.
However, it's not just the big names in the US that have huge opportunities…
In fact, we believe there are three companiesright here on the ASX which have the potential to makegiant profitsas this technology takes off.
The good news is that you can find out all about these companies and this extraordinary technology today.
The Motley Fool Australia has laid out the full story on this incredible tech trend in an exclusive report – and best of all, this report is FREE to you when you sign up for Motley Fool's Extreme Opportunities today.
And trust us… you are going to want to see this report before you invest $1 in any tech company right now.
Think about how many amazing technologies you've watched soar to new heights while you kick yourself, thinking, "I wish I'd bought in on that."
Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about that so early on."
That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this tantalizing tech, and hear more about these names our team believes are well-positioned to capitalise on this major shift.
Enter your email below to learn about this futuristic technology before it really takes off!
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Cisco Systems, and Intel. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, short January 2023 $57.50 puts on Intel, and short January 2025 $45 puts on Intel. The Motley Fool Australia has recommended Amazon. The Motley Fool has adisclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. For more information about The Motley Fool see our Financial Services Guide. All returns cited are hypothetical and based on the percentage change between the stock price at the time of recommendation and the current or sell price (if the position has been closed) at the time of publication. Brokerage, taxes and any other associated costs are not taken into account. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. Performance figures are not intended to be a forecast and The Motley Fool does not guarantee the performance of, or returns on any investment. Any money back guarantee is strictly limited to the subscription price paid for the product.
