Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says.

According to a Bloomberg article, New York University professor Aswath Damodaran recommends buying the "Magnificent Seven" stocks during market corrections, as they are highly profitable companies that continue to generate money. The stocks include Tesla Inc., Meta Platforms Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Apple Inc., and Nvidia Corp., which have been major players in the tech and artificial intelligence sectors. Damodaran believes that these companies are essential drivers of the economy and suggests adding them to one's portfolio during market downturns. Tesla's recent rally has contributed to the overall gains of this group of stocks, which have seen a significant increase in value. [Extracted from the article]