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He has the ability to bend the rules of the Matrix, the very laws of physics, like gravity. There is no limit, he can manipulate more than gravity, he can stop deadly objects in mid air, bring himself back to life, and even self destruct. He can completely manipulate the Matrix, he is by far the strongest program, even a program thats malfunctioned and has gained the same powers (Mr Smith) couldn't of won. Neo, knowing he couldn't take the Smith army, let Oracle Smith consume his body and powers, so that he could eliminate the Smith Program by self destructing as Mr Smith!