10 High-Growth Wide-Moat Stocks to Buy

8. Meta Platforms, Inc. (NASDAQ:META)

Meta Platforms, Inc. (NASDAQ:META) is one of the high-growth wide-moat stocks to buy. On July 9, Reuters reported that Meta plans to begin manufacturing its in-house AI chip, code-named Iris, in September. The company is working with Broadcom on design and Taiwan Semiconductor Manufacturing Company on production. Reuters also reported that Meta plans to deploy seven gigawatts of computing capacity in 2026 and reach 14 gigawatts in 2027.

Iris is meant to complement, rather than immediately replace, the large quantities of GPUs Meta buys from Nvidia and AMD. The strategic appeal is cost control and greater control over a computing stack that supports content recommendations, advertising tools, and AI features across Facebook and Instagram. Meta’s core moat remains its family of social platforms, the network effects created by billions of users, and the data and ad-targeting infrastructure built around those networks. Custom silicon could strengthen the economics of that moat if it lowers inference costs at scale. The risk is that infrastructure spending remains massive and that custom chips require sustained execution. Meta’s advertising engine still funds the effort, giving the company unusual capacity to invest.

Meta Platforms, Inc. (NASDAQ:META) develops social-media platforms, messaging services, advertising tools, and virtual and augmented reality products.