Apple and Google have distinguished themselves as the new leaders of the technology world, according to analyst Georges Yared of Yared Investment Research.

Yared notes that the leaders of the technology world have changed, from IBM, HP and Xerox in the 1980s, to Cisco Systems, Microsoft, Dell and Oracle, in the 1990s. And now the leadership belongs to Google and Apple.

The leaders see mega-growth year over year with innovative products and a hungry customer base, he explains.

Yared advises that both Apple and Google would be good investments, despite concerns that they are expensive stocks. “You DON'T want to own them UNLESS they are expensive", he states, according to the report on Seeking Alpha.

“These are not "value" plays,” he continues, “value plays become value plays after they blow up.”

“So will Apple and /or Google eventually blow up?” he asks. “Probably yes, but the next 2-3 years look quite clear with mega-growth on all fronts.”