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Kodak invented a new technology and it’s still lost…that’s where you can find tomorrow’s winners
Can you recognize the item below?
This – believe it or not – is the first digital camera in the world… invented by Kodak.
Well, it was invented by Kodak engineer Steven Sasson. As you probably remember, Kodak was a pioneer in photography. They sold cameras, films, and every other accessory that dealt with analogue photography.
But you may also remember that Kodak’s work was eventually buried by digital photography. If they were the first to develop digital photography, why were they eventually killed by it?
The simple fact is that management preferred to protect its existing business rather than invest in future technology.
They saw the future but immediately underestimated how quickly everything would change.
When I think back to this story, I think of a quote by motivational speaker Tony Robbins:
The future cannot be navigated by looking in the rearview mirror…
Investors often make the same mistake.
They spend so much time studying today’s winners that they fail to notice the next technological transformation taking shape right before their eyes.
Major innovations are dominating the news right now. SpaceX’s IPO was on Friday, but news of upcoming IPOs from AI leaders OpenAI and Anthropic has people excited to try to get in on the ground floor.
Instead of looking at what has already happened, or things we know will happen soon, what can we find earlier that no one has seen yet?
This is where the biggest gains hide.
Where to find the next big wins?
The challenge, of course, is to distinguish between real technological transformation and just another exaggerated trend.
Kodak executives were not blind. They saw digital photography before anyone else.
Their fault was not failure to recognize the technology. I failed to realize its consequences. In addition, they had such a strong business in analogue photography that they did not want to do anything that might put them at risk.
Digital photography seemed like a niche product. Instead, it has completely changed the way the world captures and shares memories.
According to technology analyst Luke Lango, investors may face a similar moment today.
If you are new to digestLuke built his reputation by identifying major technological transformations before Wall Street could fully appreciate them. This means that he finds them before they make double- and triple-digit gains.
Today, companies and investors are creating wealth at the fastest rate ever. In fact, Locke often says it’s never been easier to make 10x your money in the stock market than it is now.
These are the opportunities that Luke finds for him Innovation investor Subscribers.
As the name suggests, Innovation investor It’s all about investing in innovation, which is the best investment strategy in the market.
It had been over a year when he recommended Luke Marvell technology (MRVL). Back in March of 2025, the market suffered a downturn, not much different from the one we saw this week. Locke saw this as an opportunity to get into innovative technology at a lower price.
This is what he wrote in his recommendation:
Marvell is a semiconductor company that specializes in designing networking and storage solutions for use in data centers. This puts MRVL at the center of the AI infrastructure boom, and the company has seen significant demand for its products over the past few years as companies build more AI data centers.
We don’t see this demand slowing down anytime soon. The company should maintain revenue growth of more than 20% and earnings growth of more than 30% over the next few years.
However, due to the recent market crash, MRVL stock now trades at a low two-year valuation multiple of 23.5 times forward earnings, which looks like a steal for a potential dividend farmer of over 30%. At the same time, the stock also fell into the oversold zone and finally showed signs of life. We think stocks could rebound significantly here.
Initially, the stock made the quick 30% gains that Luke mentioned, but as the AI megatrend accelerated, so did the stock.
Since that recommendation, the stock has risen more than 200%.
This is the kind of gain Luke seeks to achieve Innovation investor.
Most people are understandably focused on artificial intelligence, SpaceX, and the latest wave of high-profile IPOs. This is where everyone is looking.
Luke looks elsewhere. He believes a larger story may be developing quietly in the background.
It is something that could ultimately affect every paycheck, every investment account, every tax payment, and every dollar that moves through the financial system.
And at the heart of this story is the leading innovation leader of our time, Elon Musk.
But this time, Musk didn’t just disable cars or missiles; Instead, he now set his sights on the biggest industry on the planet: banking.
As usual, he’s not interested in taking his time or being polite about his ambitions.
According to recent statements, the world’s richest man wants his new bank to become “the largest financial institution in the world” and “the place where all the money is.”
Kodak saw the future before almost anyone else. But they underestimated the importance of the matter.
Locke believes Wall Street may be making a similar mistake today.
Enjoy your weekend,
Luis Hernandez
Editor-in-Chief, InvestorPlace
