Billionaire Jones Warns of 'Breathtaking' Correction but Buys AI Stocks with Bull Run Ahead

Billionaire Paul Tudor Jones warned CNBC viewers of a potential 'breathtaking' market correction but is buying AI stocks, estimating the AI-driven bull market—now 50-60% through a typical 4-5.5 year tech cycle—has another year or two to run. Earlier, Apollo economist Torsten Slok compared the AI shock to China's 2000s export surge (~30% annual growth), which caused ~4 million U.S. manufacturing jobs losses (59.3% attributable) yet boosted productivity with ~50% real value added rise by 2024. Examples include Snap's ~1,000 role cuts and Klarna's one-third white-collar reduction forecast by 2030; AI investments exceed dot-com levels by 33% (Bernstein), supporting S&P 500 gains amid transition risks.