BlockBeats News, May 11th. Michael Burry, the original prototype of the "Big Short" known for predicting the US housing market crash, recently issued a warning, stating that the current stock market's obsession with artificial intelligence is beginning to evoke memories of the final stages of the Internet bubble.

Burry stated on his personal blog that the stock market no longer reacts logically to economic data such as job reports or consumer confidence. "They just keep going up because they have been going up, based on a two-syllable thesis that everyone seems to get... It feels like the last few months of the 1999 to 2000 bubble."

On the other hand, legendary macro trader and founder of Tudor Investment Corporation, Paul Tudor Jones, also drew parallels between the current AI-driven rally and the period before the Internet bubble burst, but he believes that this bull market may still have room to run.

On CNBC's "Squawk Box," Jones stated that the current environment feels like 1999 - about a year before the tech stocks peaked in early 2000. He estimates that this rally could continue for another one or two years. However, Jones also warned that if valuations continue to expand, the eventual correction could be very severe.

Jones suggested that if the stock market were to rise another 40%, the market cap-to-GDP ratio could reach a staggering 300% or even 350%. "Everyone understands deep in their hearts that at that point, there will be some kind of astonishing correction."