10 Best Wide Moat Stocks To Buy Now

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the best wide moat stocks to buy now. Amazon.com, Inc. (NASDAQ:AMZN) announced on June 9 that it aims to inject at least $20 billion in Pennsylvania for the expansion of data center infrastructure, building on its substantial AI investment strategy that already amounts to billions of dollars.

This highlights the undertaking of Big Tech to invest heavy sums to support the rise of generative AI, with the largest companies around the globe rushing to build the best AI models and cloud services.

Amazon’s Pennsylvania investment comes on the heels of its $10 billion North Carolina and $5 billion Taiwan cloud infrastructure investment plans less than a week ago. The Pennsylvania investment can potentially create 1,250 high-skilled jobs and support thousands more via the AWS data center supply chain.

According to Amazon.com, Inc. (NASDAQ:AMZN), Salem Township and Falls Township are the initial communities that could potentially be sites for future campuses. Amazon’s Q1 capital spending equaled nearly $25 billion, and this level of spending is projected for the rest of 2025 as well.

Amazon did not provide a specific timeline for this investment, and the company did not immediately clarify whether the $20 billion was part of its prior capital spending strategies.

The tech giant operates across North America, International, and AWS segments, with a diversified portfolio consisting of e-commerce, subscription services, cloud computing, and digital advertising.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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