Aswath Damodaran, finance professor at the NYU Stern School of Business.
Abhijit Bhatlekar | Mint | Getty Images
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Big Tech's rally has pushed their valuations to levels not sustainable by traditional measures, but their huge run-up this year can still be justified, according to Wall Street's valuation guru.
New York University professor Aswath Damodaran, sometimes called the "Dean of Valuation," said the biggest U.S. technology companies — Amazon, Apple, Alphabet, Facebook, Netflix and Microsoft — are trading just close to their fair value despite their market-leading rally this year.
