The Nasdaq-100 (NDX) and gold have delivered equivalent returns over the four years following ChatGPT's launch, according to new performance data. The comparison highlights how traditional safe-haven assets and tech-heavy equities have tracked in lockstep during the AI-driven market era. This parity underscores the unique macro environment since late 2022, where rapid technological adoption coincided with persistent inflation concerns, geopolitical uncertainty, and shifting monetary policy expectations that simultaneously supported both growth stocks and precious metals.