The Rundown - Nvidia Insiders Cash Out $1B in Stock, Apple Wins Big at the Box Office

Episode Date: June 30, 2025

Stock market update for June 30, 2025.This video is for informational purposes only and reflects the views of the host and guest, not Public Holdings or its subsidiaries. Mentions of assets are not recommendations. Investing involves risk, including loss. Past performance does not guarantee future results. For full disclosures, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Public.com/disclosures⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Public.com presents the rundown. Your daily market update in under 10 minutes. My name is Zadadmani, and today is Monday, June 30th. In today's episode, we'll recap the market's performance from last week and what to look forward to this week. We'll also tell you about the insiders at Nvidia dumping billions in stock and President Trump's plans for TikTok. Then stick around to the end of the show to learn more about the Chinese toy company behind the Laboubu. phenomenon. We get a great show for you today. Let's go. Well, it finally happened, everybody. The S&P 500 closed at all-time highs on Friday for the first time since February. The S&P was up

3.4% last week and the NASDAQ was up 4.2% also inches away from a record close. You know, if you told me back in April when stocks were down 20% that we'd be back at record highs before the end of Q2. I probably wouldn't have believed you, but here we are. Now, we'll have to see if this momentum carries over into the third quarter and the rest of the year. Currently, both the S&P and NASDAQ are up 5% for the year at the halfway point. Now, we do have a short week coming up. The stock market is closing early on Thursday at 1 p.m. Eastern, and it's going to be closed all day on Friday for Independence Day, so no show for us on Friday. And we're starting to hit peak summer right now where things are slowing down. But in a couple of weeks,

earnings season will kick back into gear, so we'll have a lot to discuss then. The vibe going into this earning season is way different than it was three months ago. Markets were in free fall back then because of tariffs, but now stocks are back to all-time highs, so it'll be interesting to see what CEOs and executives have to say. We'll be covering all of that and more throughout the summer, so make sure you guys are subscribed to the podcast to stay in the loop. Let's run through some headlines. Starting with Envidia.

Nvidia Insiders have cashed out over $1 billion worth of stock in the past year, with half a billion of that coming in June alone. Even CEO Jensen Huang is getting in on the action. He recently started selling his shares for the first time since last September. Jensen has the option to cash out 6 million Nvidia shares in 2025 as part of his current ownership sales plan, which would be worth around $900 million at today's prices. But it's not just Jensen selling nine figures. Former Sequoia Capital Management partner Mark Stevens, who was one of the earliest investors in Nvidia, just offloaded 4 million shares of Nvidia worth around $550 million.

On top of that, two board members and Nvidia's VP of Worldwide Operations sold a combined $216 million worth of shares. So the insiders are selling, and typically news like that would cause some sort of concern with investors and the stock price would drop. You know, we've seen that happen in the past with other companies. But Nvidia's stock has barely been impacted by all the insiders selling. In fact, Nvidia stock hit new record highs last week, with the stock up more than 10% in the past five days alone, and the company currently has a market cap of $3.85 trillion.

But there are some red flags about the business. For example, Nvidia still can't sell their most advanced AI chips to China due to export bans by the Trump administration. That's left a door wide open for Chinese firms like Huawei to snatch up shares in the Chinese market. Now, there are reports that NVIDIA is working on developing a new AI chip for the Chinese market that meets Trump's export requirements. So we'll see when they announced that. But right now, the market seems to be focused on the positives. And NVIDIA is on track to be the first $4 trillion dollar company. Let's shift gears and talk about the company that was first to hit a $3 trillion market

cap, Apple. Apple has another hit product on their hands. But this time, it's not a phone or a laptop. It's a movie. Apple's F1 movie hit theaters this past weekend. and it exceeded expectations making over $55 million at the domestic box office and overall made over $144 million globally. Now, Apple reportedly went all out spending over $250 million to make this movie, which required developing specialized cameras to capture the racing scenes, and the tech giant also spent another $100 million plus on the marketing, so they still have a long way to go before they break even on the movie.

But I'm sure they're happy to see this movie have a solid opening weekend at the box office. Now, $144 million isn't going to move the needle much for Apple because they make nearly $400 billion in revenue last year. But this does bring an interesting wrinkle into the streaming wars. It shows that Apple is serious about spending big money on content to make good movies, and they're willing to release them in theaters, which is different than other streaming giants like Netflix. And this could help Apple stand out and secure more deals with A-list movie makers. Now, I'm still not sure how having a hit F1 movie is going to help Apple sell more iPhones. But I'm glad they're willing to spend big money to make good movies.

I'm a big F1 fan, but I haven't had a chance to see this movie just yet. But I'm definitely going to go sometime soon to watch this movie in theaters because it's one of those movies that you have to see on the big screen, you know? By the way, mini fun fact, public is an official sponsor of the Aston Martin F1 team. So next time you're watching an F1 race, keep an eye out for that public logo. And finally, let's quickly talk about TikTok because they might finally have a buyer. President Trump said in a Fox News interview that aired on Sunday night that he found a group of very wealthy people to buy the social media app.

Now, Trump says he can't reveal the names of these people for another two weeks and that any deal will likely need approval from the Chinese government. So the TikTok drama is nowhere close to being over, but at least there's some progress being made. Remember, TikTok was officially banned by a 2024 law that required the company to stop operating in the U.S. unless the parent company, Biden, divested their U.S. assets.

Now, that hasn't happened yet, but President Trump has extended that deadline multiple times. The latest one he did a couple weeks ago, which it pushes back the deadline for a sale to September 17th. Let's talk about some stocks making moves today. Moderna shares are getting a nice shot in the arm this morning after dropping some strong late-stage trial results for their MRI-based flu vaccine. The company says the new shot generated a stronger immune response than the existing flu shots already on the market. So this opens the door for Moderna to finally roll out their combo flu COVID vaccine. which regulators delayed earlier this year while they waited for more flu-specific data.

Moderna is banking that this two-for-one shot will boost COVID vaccine uptake because currently only 23% of U.S. adults have gotten their COVID shot compared to nearly 50% for the flu. Moderna is now ahead of their rivals like Pfizer and Novax, and investors seem to like that with a stock up 2% this morning on this news. Now, on the flip side, shares of solar and wind stock are down this morning after some bad news out of Washington. A new draft of the Senate's federal spending bill pulls the plug on clean energy tax credits earlier than expected, now set to end in 2027 instead of 2032. And if that wasn't bad enough, the bill also imposes new taxes on clean energy companies that use Chinese suppliers,

which is kind of a big deal since most of the clean energy tech comes from China. So that's putting a pressure on the clean energy sector and names like N-phase and Next Era are trading lower on this news. Let's wrap the show with the fun fact. The company behind the viral plush toys, Labuboos, is a Chinese toy maker Pop Mart, which has a market cap of over $40 billion, which is more than than triple that of legacy toy makers like Hasbro and Mattel combined. Popmart has been one of the hottest stocks this year. It's up nearly 200% so far. The stock is available for trade on the public app under ticker symbol P-M-R-T-Y. And this company in the rise of Labubu's is so interesting. I mean, people are waiting hours in line to buy Labibu's and some of these versions are selling for thousands

of dollars. We found this so interesting that we did a deep dive on this whole thing. And I think it might be the best episode that we've ever done. We dive into the history of Labuboos and the secret sauce behind Pop Mart's success and how they designed their entire business model around virality and a bit of addiction. So if you want to learn more about that, go check out our deep dive episode from this past weekend. And let me know in the comments if you guys have a Labubu yourself. I got three of them for my daughter. And I'm almost too embarrassed to say how much I spent on them.

Well, all right, guys, that's the rundown for today. Hope you guys enjoyed today's episode. If you did and you have like eight extra seconds, consider giving us a five-star rating on Apple, Spotify, or wherever you listen to your podcast. And if you are listening on Spotify, don't forget to vote in today's Spotify poll. Leave us a comment on Spotify.

All that engagement. really does help us out, and it helps other people find the show. Thank you guys so much for listening. Shout out to Mike and Connor for all the help behind the scenes, and we'll see you guys back here tomorrow.