Right now, Apple (NASDAQ: AAPL) is the world's largest company by market cap. However, investors need to be aware of some problems under the hood.

Instead of Apple, I think there are much better buys right now, including Nvidia (NASDAQ: NVDA), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Meta Platforms (NASDAQ: META). These three provide significant long-term upside that should allow them to outperform Apple.

What's going on with Apple?

Apple reached the top of the rankings of the world's largest companies with shockingly low revenue growth. Sales of iPhones haven't increased meaningfully since the pandemic began, and investors put a lot of hope into the iPhone 16 being the generation that turns it around, mainly because of its Apple Intelligence integration. But the latest reports say that its sales are below expectations, which could spell disaster for the stock.

It trades at 34 times trailing earnings and 31 times forward earnings. That's a premium investors would expect to pay for a company that's growing rapidly.

In Apple's latest quarter, however, sales only grew by 4.9% and earnings per share (EPS) by 10.2%. Those aren't figures that support the stock's lofty valuation.

The immediate future looks slightly better, but not enough to justify today's price. In fiscal 2025, ending Sept. 30, 2025, Wall Street expects 8% higher revenue and 17% EPS growth. Compared to the following three options, Apple stock doesn't look attractive.

These tech stocks look to outperform Apple over the next few years

Instead, I would urge you to consider Nvidia, Alphabet, and Meta Platforms (and many other companies as well).

Let's start with Nvidia. Its graphics processing units (GPUs) are powering artificial intelligence (AI), and demand doesn't seem to be slowing down any time soon.

Alphabet is Google's parent company, and its market dominance among search engines allowed it to capitalize on advertising in one of the most lucrative areas on the internet.

Meta Platforms is the parent of social media sites like Facebook and Instagram, and it also generates a lot of its money from ads on its platforms.

All three of these companies are far outperforming Apple in revenue and EPS growth.

Despite doing substantially better than Apple, two of them don't hold a premium in comparison to it, while Nvidia isn't that much more expensive.

As an investor, I'm looking for companies with sustainable business models, faster growth, and lower stock valuations. Compared to Apple, both Meta and Alphabet achieve that, so buying those two instead makes a lot of sense.