Facebook leapfrogs GE—but is it a better buy?

Best bet: Facebook or GE?

Boosted by a recent stock surge, Facebook has moved ahead of industrial giant General Electric in market capitalization.

With its roughly 1.4 billion monthly active users, the social network looks primed to maintain that value for years to come, said Jim Iuorio, managing director at TJM Institutional Services and a CNBC contributor.

"If you're going to take the leap of faith and say nothing's going to replace Facebook in the next 10 years, then I think Facebook is the place to be," he said Tuesday in an interview with CNBC's "Power Lunch."

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Dado Ruvic | Reuters

Facebook shares have climbed 26 percent this year, sending the company's market cap above $275 billion. GE—with a value of about $271 billion—is the latest corporate giant Facebook has vaulted.

But the shift does not mean GE has lost relevance, said Jeff Kilburg, founder and CEO of KKM Financial and a CNBC contributor. He noted that the company shedding its financial arm and focusing on industrial segments gives it momentum moving forward.

"They're becoming a more simple, more nimble company," Kilburg said Tuesday, also on "Power Lunch."

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He added that Facebook has lost appeal with its "elevated prices."