Billionaire predicts market correction but still invests in AI stocks
Billionaire investor Paul Tudor Jones expects a market correction, citing potential for ‘breathtaking’ declines.
Jones compares AI advances to Microsoft’s rise in the 1980s and the pre-dot-com bubble of the 1990s.
The Dow fell 508 points on Black Monday in 1987, with the New York Stock Exchange losing over $500 billion in market capitalization.
Jones predicts the AI market has ‘another year or two to run’ and recently purchased more AI stocks, potentially earning an estimated $100 million