5 High-Growth Wide-Moat Stocks to Buy

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1. Broadcom Inc. (NASDAQ:AVGO)

Broadcom Inc. (NASDAQ:AVGO) is one of the high-growth wide-moat stocks to buy. On July 6, Reuters reported that Broadcom expanded its partnership with Apple through 2031 to develop and supply custom chips. The agreement reinforces Broadcom’s role in providing complex radio-frequency, Wi-Fi, Bluetooth, and other networking components used in Apple products. Analysts cited by Reuters said Apple accounts for about 20% of Broadcom’s annual revenue.

The extension matters because Apple has spent years developing more of its own silicon, including processors and modems. Its decision to continue relying on Broadcom for key connectivity components demonstrates how difficult it is to internalize certain chip categories. The deal also arrives as demand for custom chips grows, particularly for inference workloads where large technology companies are seeking more control over performance, cost, and power use. Broadcom’s moat combines specialized semiconductor expertise with deep customer integration and infrastructure-software switching costs. Concentration around Apple remains a risk, as does intense competition in custom silicon. Yet a multi-year extension through 2031 makes Broadcom’s relationship with one of the world’s largest device makers more durable than a routine component order would.

Broadcom Inc. (NASDAQ:AVGO) designs semiconductor products and provides infrastructure software for enterprise and telecommunications customers.

While we acknowledge the potential of AVGO 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 AVGO and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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