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Investors should use any correction as an opportunity to load up on Magnificent 7 stocks, NYU valuation expert says

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NYU professor Aswath Damodaran says the market is ignoring the risk of a "big and global" next year .

Investors should buy the Magnificent 7 tech stocks if the market enters a correction, he says.

The group has become "insanely profitable," and their market leadership isn't likely to ebb anytime soon, he said.