A professor at New York University known for expertise in valuation analysis stated that during market adjustments, the 'Magnificent Seven Stocks' are worth buying because most of the companies among them will continue to make money.

Aswath Damodaran, a finance professor at the Stern School of Business at New York University, said in an interview with Bloomberg TV, "As a value investor, I have never seen cash machines like the 'Magnificent Seven Stocks' that make money. I don't think these cash machines will slow down."

$Tesla (TSLA.US)$、$Meta Platforms (META.US)$、$Microsoft (MSFT.US)$、 $Alphabet-C (GOOG.US)$ 、$Amazon (AMZN.US)$、 $Apple (AAPL.US)$And$NVIDIA (NVDA.US)$Among some of the top global market cap stocks, they have taken a leading position in the prosperity of technology and artificial intelligence, and have been significant contributors to the substantial growth of the US stocks for many years. Bloomberg's index measuring the performance of the stocks of these seven companies has already risen by 60% year-to-date, and has doubled in 2023.

"I suggest that when the market is about to adjust, you should find ways to increase your holdings in at least one, perhaps two or three, of the 'Magnificent Seven Stocks' because these companies have played a significant role in driving the economy and the market," Damodaran added.

Electric car manufacturer Tesla has recently fueled the growth of this group. Although the company has been mostly declining this year, with Trump returning to the White House, investors are betting that companies run by his close ally Musk will benefit, causing Tesla's stock price to rise. Musk has provided funding for Trump's election campaign and was an advisor to the elected president.

Damodaran stated that seven large US technology companies, including chip giant nvidia, are "profitable" and he holds stocks in all of these companies.

Editor/new