Top 5 Must-Know Stock Market Updates for June 24, 2025: Apple Fined, Nvidia Drops, and Bitcoin Dips

Market news highlights for June 24, 2024

The European Commission has officially charged Apple (AAPL) with violating its Digital Markets Act, marking the first enforcement of this key EU regulation. Meanwhile, Nvidia (NVDA) shares continue to fall amid CEO Jensen Huang’s recent stock sales, despite the company’s strong AI-driven growth. Broadcom (AVGO) is reportedly negotiating with ByteDance, TikTok’s parent company, to develop an advanced AI chip, navigating the complex geopolitical landscape. Bitcoin (BTCUSD) remains under pressure, trading near $61,000, dragging down crypto-related stocks including Robinhood Markets (HOOD), Coinbase Global (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT). Additionally, China has suggested that German luxury car makers could gain if Berlin persuades the European Union (EU) to lift tariffs on Chinese electric vehicles (EVs). US stock futures are rising as this week follows a milestone where the S&P 500 briefly touched 5500 and Nvidia briefly became the world’s most valuable company. Here’s what investors need to watch today.

1. Apple Faces Historic EU Charge Over Digital Markets Act Breach

The European Commission alleges that Apple’s (AAPL) App Store policies restrict app developers from directing users to alternative platforms, violating the newly enacted Digital Markets Act. This marks the first major enforcement action under the legislation designed to foster fair competition in tech. Separately, reports reveal Apple has engaged with Meta Platforms (META) to potentially integrate Meta’s generative AI technology into Apple’s new AI system, Apple Intelligence. Apple’s stock remains stable in premarket trading, while Meta’s shares see a slight increase.

2. Nvidia Shares Decline as CEO Sells Stock Ahead of Key Meeting

Nvidia (NVDA) shares dropped over 2% premarket following CEO Jensen Huang’s significant stock sales disclosed in recent SEC filings. Despite a 164% surge in 2024 fueled by AI enthusiasm, investors are cautious ahead of Nvidia’s annual shareholder meeting on Wednesday. The chipmaker is also expanding its footprint by supplying technology to Middle Eastern telecom giant Ooredoo.

3. Broadcom in Talks with ByteDance to Develop Cutting-Edge AI Chip

Broadcom (AVGO) is reportedly collaborating with ByteDance to produce a state-of-the-art AI chip manufactured by Taiwan Semiconductor Manufacturing Company (TSMC). This 5 nm chip aims to comply with US export controls amid rising geopolitical tensions. Broadcom currently supports ByteDance’s data centers with older AI processors. Broadcom’s stock stays steady in premarket trading.

4. Bitcoin Slides to $61,000, Impacting Crypto-Linked Stocks

Bitcoin (BTCUSD) price continues its downward trend, trading around $61,000—significantly below its March peak of over $73,000. Despite favorable inflation data bolstering equities, Bitcoin’s decline pressures crypto-related equities: Robinhood Markets (HOOD) down 1.3%, Coinbase Global (COIN) down 3%, and miners Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) both falling approximately 3%.

5. China Signals Potential Benefits for German Carmakers Amid EV Tariff Talks

China has indicated to Germany that German luxury automakers could benefit if Berlin convinces the European Union (EU) to remove tariffs on Chinese electric vehicles (EVs). The EU’s recent plan to impose tariffs up to 38.1% on Chinese EV imports follows the US raising its tariffs to 100%. China currently levies a 15% tariff on EU passenger vehicles and has proposed lowering tariffs on large-engine cars in exchange for tariff relief from Europe.

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