The boys, 15 and 17, were found by police roughly 0.7 miles – or an estimated 15 minutes walk- apart from each other on the busy road yesterday (January 5).
Police were called to the scene near the North London Tavern at 5.50pm.
One teenager was found in the area, and the other was found near The Old Bell pub, both with stab injuries.
They were taken to hospital for treatment, but neither of their injuries are life-threatening.
The 17-year-old has been arrested as part of the investigation and both crime scenes have been lifted.
A Metropolitan Police spokesperson said: “Police were called at approximately 5.50pm on Sunday (January 5) to reports of a stabbing in Kilburn High Road, NW6.
“Officers and London Ambulance Service attended and found two teenage males – aged 15 and 17 – suffering stab injuries at different locations along Kilburn High Road. Both were taken to hospital for treatment. Neither person’s injuries are life threatening.
“The 17-year-old has been arrested as part of this investigation.
“Crime scenes were put in place – these have now been lifted.
“Enquiries into the circumstances continue.”