Billionaires sell Nvidia shares in front of the market crash and in 10 years buy a golden ETF by 166%

The hedge funds that are listed below -billionaires sold stocks of Nvidia (NVDA 0.12%))) In the fourth quarter in front of the recent stock market crash. You also bought SPDR Gold Shares (GLD -0.97%)))A fund traded from stock exchange, which rose by 166% in the past decade.

• Israel England from Millennium Management sold 1.1 million Nvidia shares and reduced its position by 10%. And he bought 185,700 shares of the SPDR Gold Shares ETF and increased its position by 280%.
• Paul Tudor Jones from Tudor Investment sold 501,700 Nvidia shares and reduced his position by 37%. And he bought 17,300 shares of the SPDR Gold Shares ETF and increased its position by 13%.

Investors should know the following about Nvidia and the SPDR Gold Shares ETF.

Nvidia: A chip maker who dominates the market for AI accelerators

NVIDIA specializes in accelerated computing, a discipline that uses special hardware and software to accelerate complex workloads from data center such as scientific computing and artificial intelligence (AI). It is best known for its graphics processing units (GPUS), also referred to as an AI accelerator, where it contains a market share of 84%. The company also offers neighboring hardware and software.

Nvidia has recently struggled against two headwinds. First, the Chinese start-up Deepseek has developed highly developed large language models with less computing power than US rivals. The market assumed that the NVIDIA GPU sales would weaken in the stop of the AI ​​infrastructure editions. But that didn't happen. Instead, Nvidia expects the demand to rise, as cost efficiency introduces more companies and create the argumentation models a need for even more computing power.

Second, the Trump administration recently met Nvidia with export restrictions for her H20 GPUS in China, which the company could cost up to $ 18 billion this year, said Bloomberg Intelligence. However, NVIDIA still dominates the AI ​​acceleration market, which, according to Grand View research, is predicted that it will be forecast by 29% by 2030.

These headwinds can explain why hedge fund manager Israel England and Paul Tudor Jones sold shares from Nvidia in the fourth quarter. However, readers should take into account that no billionaire fully went out of their position, so that they are still exposed to the chip maker in their portfolios.

It is important that Wall Street revenues will increase by 46% despite the headwind in connection with competition and export restrictions in the 2026 financial year, which ends in January. This makes the current rating of the 36 -fold income look quite cheap. Investors with a time horizon of at least three years can now buy a position in this share.

SPDR Gold Shares: An ETF that crushed the S&P 500 this year

SPDR Gold Shares pursues the price of gold bars. The fund is managed by State Street And has about 946 tons of gold, which is worth more than 100 billion US dollars at the current Spot price. With the SPDR Gold Shares ETF, investors can participate in the gold market without buying, saving and insure physical effort.

“Over time, gold has shown a low and negative correlation to many financial assets and has a success story to provide protection in times of major market issues, systemic risk and geopolitical volatility,” said State Street. In fact, gold tends to exceed S&P 500 (A scale for the US stock market) on the bear markets, but it tends to tend on the bull markets.

• Bear markets: Gold returned an average of 6% in the last four bear markets, while the S&P 500 decreased by an average of 36%.
• Bull markets: Gold returned an average of 61% in the last four bull markets, while the S&P 500 returned an average of 150%.

The precious metal shredded the US stock market in 2025. The SPDR gold shares has risen by 28% to this day, while the S&P 500 has dropped by 6%. Economic uncertainty is the reason for this discrepancy. Many economists have raised their recession probability forecasts because the Trump government sown chaos with its trade policy. Investors have therefore moved away from risk assets such as shares and in the direction of safe Haven-assets such as gold.

If President Trump's tariffs push the S&P 500 into a bear market, gold will probably continue to exceed. However, if the administration reaches trade agreements with a sufficient number of countries, the current bull market could be returned to dynamics. In this case, gold would probably be below average. This makes the SPDR gold shares ETF an intelligent purchase for every investor who is concerned about a significant deduction in the S&P 500.