Sep 27, 2021 Last Updated 20:42 PM EDT

Markets

3 'Hyper-Innovative' Stocks to Check Out in 2021

Feb 06, 2021 02:00 AM EST

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(Photo : Spencer Platt / Staff/ GETTY IMAGES)

Jeff Bezos, the world's second-richest person, is certainly someone worth listening to and following. He once said said that invention is the root of success and no one can certainly argue with that. This can even be applied in the stocks that investors should be checking out.

Safe is good, but the number one rule in the investing world is that the more risks one take, the higher the possible rewards. Of course, the trade-off is that there are also likely to be higher risks. One simply has to be prepared to win big. 

"Invention is the root of our success. We've done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime's insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive," Bezos can be recalled to have notably said. 

Below are 5 Hyper-innovative stocks that are possibly highly rewarding, described by Luke Lango of Investor Place, worth checking out because they are of companies that thrive on innovation and invention for growth.

It is highly likely that these are lesser-known than most companies on their respective niches or industry, but they are bound to be big names if they continue to innovate and thrive. Supporting them can reap some great rewards of both sides:

Square NYSE:SQ 

Square is a payments processor then turned innovative digital money ecosystem operator so much so that on 2020, while  most businesses were failing because of COVID-19 pandemic, it reported its best year.

While its core business was essentially shut down, it managed the mean feat because it launched a brand-new mobile money app, Cash App. The company saw an opportunity to innovate and did not hesitate.

Canoo (NASDAQ:GOEV)

Even though there are already a lot of alread EV companies in existence, Canoo can certainly be described as the most innovative. The company has invented, from scratch, an completely new type of car that is  unprecendented in the size of its interior space among self-driving cars.

At the same time, the company has completely reimagined how people can buy cars, because it has launched a disruptive subscription model for shared car ownership, that is the first of its kind. There is no denying how much the compmay believes in innovation.

Hyundai in 2020 said it will partner up with Canoo precisely because of its  innovativeness. 

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C3.ai (NYSE:AI)

Most enterprise AI systems is innovative. So much so that even though a lot of companies tried to make their own, they have given up on deploying AI. But C3.ai refuses to do the same. The company innovated by making scalable and easily-deployable open AI architectures that is capable of transforming every industry in the world. 

In 2020, CNBC has listed the company on its Disruptor 50 List. This is a mean feat.

While supporting our customers through their digital transformation journeys is a foremost priority, this recognition comes at a time when we are especially proud of the work we have accomplished to mitigate the spread of COVID-19.

First, through a public-private partnership and the expedited funding of AI-driven COVID research; and second, through the creation of the C3.ai COVID-19 Data Lake, one of the world's largest unified sources of public COVID-19 data," said Thomas M. Siebel, CEO of C3.ai. "I cannot imagine a more important use of AI and our resources than to help alter the course of a global pandemic." 

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