Is Apple a Buy ahead of the WWDC?

As we approach the upcoming WWDC event, all eyes are on Apple Inc. ($AAPL(AAPL)), which has recently underperformed compared to its peers amid concerns that it is trailing in the AI race. The WWDC is poised to change this perception and could present a compelling buying opportunity for AAPL. 

Since the release of ChatGPT in November 2022, the tech landscape has undergone significant transformations. Companies across various sectors have been exploring generative AI applications to enhance business operations, with tech giants like Google ($GOOGL(GOOGL)), Meta ($META(META)), Amazon ($AMZN(AMZN)), and Microsoft ($MSFT(MSFT)) focusing on securing compute resources for the next generation of AI applications. This AI boom has driven Nvidia ($NVDA(NVDA)) to new heights and reshaped public expectations for content, media, and technological experiences.