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Listen to Jeff Bezos: Buy These 7 ‘Hyperinnovative’ Shares
“Invention is the root of our success.” That’s how Jeff Bezos, who founded Amazon.com 27 years ago, said it grew into a trillion-dollar business and became the world’s second richest person along the way. Source: lev radin / Shutterstock.com Bezos is stepping down as CEO of Amazon and moving on to the role of CEO. He announced his departure in a letter to Amazon employees on Tuesday. In the letter, Bezos answers the trillion-dollar question everyone in the world wants to ask the man: how? InvestorPlace – Stock Market News, Stock Advice & Trading Tips How did you turn an idea of an online bookstore into a $ 1.7 billion technology empire in the 1990s, which included e-commerce, cloud computing, digital advertising, streaming TV, grocery stores and more? His answer was simple: invention. ‘Invention is the root of our success. We did crazy things together and then made it normal. We’ve done groundbreaking work with customers, 1-Click, personalized recommendations, Prime’s insane shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, market, infrastructure cloud computing, Career Choice and more. If you get it right, the new thing became normal a few years after a surprising invention. People yawn. And that yawn is the biggest compliment an inventor can receive. ‘Believe it or not, it’s really that simple. Innovation is the fuel of growth. Subscribe to Luke’s innovative hypergrowth newsletter and get your free special report on why Jeff Bezos is right about innovation. Think of the world’s largest companies today outside Amazon. You have Alphabet ($ 1.3 billion market capitalization), Apple ($ 2.3 billion), Microsoft ($ 1.8 billion) and Facebook ($ 780 billion). How did they get there? Just like Amazon did – through innovation. The founders of Alphabet, Sergey Brin and Larry Page, learned in the late 1990’s how to create a centralized online database that indexed and searched the entire internet. Then the company acquired YouTube. After that, it plunged into cloud computing with Google Cloud. After that, it launched a self-management business called Waymo. This is innovation. The result? A trillion dollar company. Mark Zuckerberg, meanwhile, discovered in the early 2000s how college students can be connected online. He takes the platform and extends the use case to the masses. After that, the company tackled messaging (Messenger and WhatsApp), photos (Instagram) and trading (Marketplace and Facebook Shops). This is innovation. The result? A nearly trillion dollar company. Foam, rinse, repeat for Microsoft and Apple. Bill Gates and Steve Jobs were relentless innovators. They made computers and smartphones ubiquitous – and then their successors, hardware-rich, created huge software companies. This is innovation. Understand the point? Today’s billion dollar businesses all have one thing in common – they are relentlessly innovative. So if you are looking for the next Amazon, the next Alphabet, the next Apple, the next Facebook and the next Microsoft, then start by looking at the most innovative companies of today. Which companies are at the top of my list? Consider these hyper-innovative names: Square (NYSE: SQ). This is a payment processor that is a digital money ecosystem operator that is so innovative that it could have its best year ever during the Covid-19 pandemic (when its core business was essentially discontinued) due to its brand new mobile money app Cash Program. The next big innovation? Banking. Canoo (NASDAQ: GOEV). Lots of EV companies out there. No one as innovative as Canoo – who is literally rediscovering the wheel. The company has remanufactured an entirely new type of car that maximizes interior space and is built for the era of self-driving. In addition, the company has re-introduced the way we buy cars and it is a groundbreaking entry model for shared car ownership. The DNA here is innovative down to the core. C3.ai (NYSE: AI). It’s hard to make enterprise AI systems. So difficult that many companies have given up on implementing AI. Not C3.ai. The company is pioneering the creation of scalable and easily deployable open AI architectures that can and will fundamentally change every industry in the world. There is nothing more innovative than tackling the world’s biggest challenge and then changing the world again – that’s exactly what C3.ai is doing today. Axon (NASDAQ: AAXN). The company used to make tasers – and only tasers. Indeed, his name used to be Taser International. Then the company started selling body cameras. Dan dash cameras. Then a series of software services offered in the cloud, aimed at digitizing police agencies. As a result, Axon now stands alone as the unparalleled leader in law enforcement technology – and is in a strong position to digitize every public safety agency in the world over the next decade. Tesla (NASDAQ: TSLA). Yes, everyone knows this name, but there are many who still do not believe in Elon Musk & Co. But Musk’s innovative thinking continues to push Tesla’s inventory to new heights, and I see a lot of power in this name in 2021. Tesla reported favorable figures in the fourth quarter, with another profit (its sixth profitable quarter in a row) and record deliveries. The whole picture of this is that Tesla is on the verge of becoming a global power station and dominating many industries, including automobiles, energy generation and energy storage. It is a stock that innovation-minded investors really need to possess for their disruptive potential. Luminar Technologies (NASDAQ: LAZR). Self-government will be a widespread reality by the late 2020s. The technology that makes this disruption possible is LiDAR, and the best LiDAR manufacturer in the world is Luminar. Luminar, founded by a genius boy who could very easily be the next Elon Musk, made the industry’s LiDAR sensors with the best performance and the most cost-effective. By 2030, the LiDAR sensors from this company will be on most cars in America. Strain (NYSE: STPK). The world revolves around clean energy. The two largest clean energy sources – solar and wind – are interrupted. So, to offer a future for clean energy, we need energy storage solutions. Strain makes the solutions. What’s more, they create AI-based solutions that utilize a large network of energy data to dynamically and automatically maximize energy output and minimize energy costs. These solutions will be installed on most office premises around the world by 2030. It’s one of the most innovative companies in the world today – and it could very well be the biggest winners in the market over the next 5 to 10 years. Alas, but I let Bezos have the last word here. One of the largest innovators in the world concluded his retirement letter with the following advice. To say the least, it’s worthwhile to apply to your investments: “Keep investing, and do not lose heart once the idea seems crazy. Remember to wander. Let curiosity be your compass. It remains day 1. ”At the time of publication, Luke Lango (directly or indirectly) had no positions in the securities mentioned in this article. The New Daily 10X stock report: Dozens of three-digit winners, with a high of 926% … 1 326% and 1 392%. InvestorPlace’s bold new initiative delivers one breakthrough stock recommendation every trading day, with profits of 5X … 10X … even 15X and beyond. Now, for a limited time, you can enter for only $ 19. Click here to find out how. 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