Gelonghui, May 8 | Paul Tudor Jones, the legendary Wall Street investor and founder of Tudor Investment who successfully predicted the 1987 stock market crash, stated that the bullish trend in the U.S. stock market driven by artificial intelligence (AI) may still have one to two years to run. Recently, he has continued to increase his holdings in AI-related stocks, believing that the current market development is highly similar to the rise of Microsoft in the 1980s and the early commercialization of the Internet in the 1990s. The productivity revolution brought by AI is still in its middle stage rather than nearing its end. Jones pointed out that both the Microsoft software revolution and the popularization of the Internet triggered a four to five-and-a-half-year period of productivity gains and bullish stock market trends at the time. He said: “If I had to choose a point in time, I believe we are probably only about 50% to 60% through this trend, which should still have one to two years to run.” He also warned that if the market continues to rise significantly in the future, the subsequent correction could be quite dramatic. He noted that if the stock market rises another 40%, the market capitalization-to-GDP ratio might rise to 300% or even 350%. You will know that at some point in the future, the market is very likely to experience a breathtaking major correction.

