Shares of tech giant Apple Inc (NASDAQ: AAPL) are trading at all-time highs above $290 following a multi-week rally that’s seen the stock gain close to 18% since the start of April. While broader market strength and renewed risk appetite have certainly helped, there’s another factor increasingly driving investor excitement: next month’s Worldwide Developers Conference, better known as WWDC.
For years, WWDC has been one of Apple’s most important annual events, but this year’s edition carries a bit more significance than usual. As the folks over at Wedbush flagged this week, after Apple spent much of the past year being viewed as a laggard in the artificial intelligence (AI) race, investors are expecting it to finally unveil a clearer AI strategy.
