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News  ›  Benzinga

The Year Precious Metals Crushed Nvidia, Alphabet And Broadcom On The Charts

Benzinga Logo Benzinga • •By Piero Cingari
The Year Precious Metals Crushed Nvidia, Alphabet And Broadcom On The Charts

In 2025, precious metals significantly outperformed major tech stocks. Gold surged 70%, silver jumped 147%, and platinum climbed nearly 150%—all exceeding gains from Alphabet (66%), Broadcom (51%), and Nvidia (41%). The rally reflects a 'debasement trade' driven by concerns over government debt, inflation, and geopolitical risks, with nearly $93 billion flowing into precious metals ETFs globally.

Insights
NVDA   negative

Nvidia's 41% year-to-date gain, while strong in absolute terms, significantly underperformed precious metals and was overshadowed by the broader market rotation away from tech stocks toward safe-haven assets.