“Invention is the root of our success.” So said Jeff Bezos, who among other things founded Amazon.com 27 years ago, grew it into a trillion dollar company and became the second richest person in the world on the way. Source: lev radin / Shutterstock.com Bezos is stepping down as CEO of Amazon and moving to the role of Executive Chairman. He announced his departure in a letter to Amazon employees on Tuesday. In that letter, Bezos answered the trillion dollar question that everyone in the world wants to ask the man: How? InvestorPlace – Stock market news, stock advice and trading tips How did you turn an online bookstore idea into an idea in the 1990s? A $ 1.7 trillion technology empire spanning 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 did them normally. We pioneered customer reviews, 1-click, personalized recommendations, the insanely fast shipping of Prime, Just Walk Out-Shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, career choice and much more. If you get it right, the new has become normal a few years after a surprising invention. People yawn. And that yawn is the greatest compliment an inventor can receive. “Believe it or not, it really is that simple. Innovation is the fuel for growth. Sign up for Luke’s innovative hypergrowth newsletter and receive your free special report Why Jeff Bezos is Right to Innovate Think of the world’s largest companies outside of Amazon. They have Alphabet ($ 1.3 trillion in market cap), Apple ($ 2.3 trillion), Microsoft ($ 1.8 trillion), and Facebook ($ 780 billion). How did you get there? Just like Amazon – through innovation. Alphabet founders Sergey Brin and Larry Page figured out how to create a centralized online database in the late 1990s that would make the entire Internet indexed and searchable. Then the company acquired YouTube. Then it dived into cloud computing with Google Cloud. Then it started a self-driving company called Waymo. That’s innovation. The result? A trillion dollar company. Mark Zuckerberg figured out how to connect college students online in the early 2000s. He took this platform and expanded its use case to the masses. Then the company dealt with messaging (Messenger and WhatsApp), images (Instagram) and trade (marketplace and Facebook shops). That’s innovation. The result? Almost a trillion dollar company. Lather, rinse, repeat for Microsoft and Apple. Bill Gates and Steve Jobs were relentless innovators. They made computers and smartphones ubiquitous – and then their successors started huge software companies in addition to their hardware empires. That’s innovation. Do you get the point? Today’s trillion dollar companies have one thing in common: They are relentlessly innovative. So if you’re looking for the next Amazon, the next alphabet, the next Apple, the next Facebook, and the next Microsoft, then start by looking at today’s most innovative companies. Which companies are at the top of my list? Consider this hyper-innovative name: Square (NYSE: SQ). This is a payment processor that has become the operator of a digital money ecosystem and is so innovative that it had its best year to date during the Covid-19 pandemic (when its core business was essentially shut down) thanks to its brand new mobile money app . Cash app. The next big innovation? Banking. Canoo (NASDAQ: GOEV). Lots of EV companies out there. Nobody is as innovative as Canoo – who is literally reinventing the wheel. The company has designed an entirely new type of car from the ground up that maximizes interior space and is built for the self-driving era. Additionally, the company has completely redefined the way we buy cars and is pioneering a disruptive subscription model for shared vehicle ownership. The DNA here is innovative to the core. C3.ai (NYSE: AI). It’s difficult to make AI systems for businesses. So hard that many companies have given up using AI. Not C3.ai. The company is on the way to scalable and easy-to-implement open AI architectures that can and will fundamentally change every industry in the world. There is nothing more innovative than tackling the world’s greatest challenge and then changing the world – that’s exactly what C3.ai is doing today. Axon (NASDAQ: AAXN). The company used to make tasers – and only tasers. In fact, it used to be called Taser International. Then the company started selling body cameras. Then dash cameras. Then a range of cloud-hosted software services for digitizing law enforcement agencies. The result is that Axon now stands alone as the unrivaled leader in law enforcement technology – and capable of digitizing any public safety agency in the world over the next decade. Tesla (NASDAQ: TSLA). Yes, everyone knows this name, but there are many who still don’t believe in Elon Musk & Co. Yet Musk’s innovative thinking continues to propel Tesla’s stock to new heights, and I see a lot of strength in that name in 2021. Tesla reported favorable fourth-quarter numbers that saw another profit (sixth profitable quarter in a row) and record deliveries. The big picture here is that Tesla is on the verge of becoming a global powerhouse and dominating many industries, including automobiles, power generation, and energy storage. This is a stock that innovation-minded investors really need to own because of its disruptive potential. Luminar Technologies (NASDAQ: LAZR). Self-driving will be a widespread reality by the late 2020s. The technology that enables this disruption is LiDAR, and the best LiDAR manufacturer in the world is Luminar. Luminar was founded by a young genius who could very easily be the next Elon Musk. He has made the most powerful, affordable LiDAR sensors in the industry. By 2030, this company’s LiDAR sensors will be used on most automobiles in America. Strain (NYSE: STPK). The world revolves around clean energy. The two largest sources of clean energy – sun and wind – are intermittent. To enable a clean energy future, we need energy storage solutions. Stem makes these solutions. In addition, they manufacture energy storage solutions with AI technology that use a large network of energy data to dynamically and automatically maximize energy output and minimize energy costs. These solutions will be installed in most office locations worldwide by 2030. Today they are among the most innovative companies in the world – and could very easily become the biggest winners in the market in the next 5 to 10 years. Unfortunately, I’ll give Bezos the last word here. One of the greatest innovators in the world ended his retirement letter with the following advice. They are worth applying to your investments to say the least: “Keep investing and don’t despair if the idea looks crazy at first glance. Remember to hike. Let curiosity be your compass. Day 1 remains. ”At the time of this writing, Luke Lango held positions (neither directly nor indirectly) in the securities identified in this article. The new 10X daily stock report: dozens of three-digit winners, peak gains of 926%… 1,326%… and 1,392%. InvestorPlace’s bold new initiative delivers a groundbreaking stock recommendation every trading day aiming for gains of 5X… 10X… even 15X and beyond. Now you can get in for just $ 19 for a limited time. Click here to find out how. Additionally, you can sign up for Luke’s free hypergrowth investing newsletter. Click here to register now. More From InvestorPlace Why Everyone Is Investing In 5G All FALSE Top Stock Pickers Reveal Their Next Potential Winner It doesn’t matter if you save $ 500 or $ 5 million. Do this now. # 1 Stock For The Green Energy Boom Listen To Jeff Bezos: Buy These 7 ‘Hyperinnovative’ Stocks That First Appeared On InvestorPlace.