Two other names are much more compelling picks right now, according to legendary Silicon Valley investor Roger McNamee.
In its most recent quarterly report, Amazon blew away market estimates and sent it stock on a tear. McNamee sees more of the same ahead in the near future.
"In Amazon's case.... the retail side has never generated material net profits, but it is super, super clear that their online services business...is enormously valuable and a very rapidly growing infrastructure play" that gives them an advantage, he added.
As for Facebook, the name still dominates his portfolio, and it's his overall top technology stock pick. At nearly $120 per share, McNamee acknowledges it's "not a cheap stock," but believes the company's aggressive push into video could help drive the stock to new highs.
Facebook rolled out "Livestream" to all its members in April after months of testing. It allows users to broadcast videos live, and the company is considered one of the front runners in the technology.
"That is just beginning and it will propel the numbers for at least the next two to three years," said McNamee, who was among the first investors in the social media giant.
And, it's still holds an absolute advantage in mobile advertising growth, according to McNamee.
Both Facebook and Amazon, which are about the same size in market cap, are also grabbing big gains. They're up 53 percent and 66 percent, respectively, over the past year. The Web retailer's shares closed Friday above $710.