A Major Catalyst for AAPL Stock Is Just a Month Away: Apple Is a ‘Sleep Tech Giant’ Says Wedbush

Dan Ives at Wedbush Securities has never been shy about picking favorites, and on Friday, May 8 he made sure nobody forgot that Apple (AAPL) sits right at the top of that list alongside NVIDIA Corporation (NVDA) and Tesla (TSLA). The firm sees a significant artificial intelligence (AI)-related catalyst brewing for the consumer electronics giant at Worldwide Developers Conference (WWDC) running from June 8 through June 12. 

Wedbush believes Apple is the sleeping tech giant that is about to wake up swinging. The firm pointed to WWDC as the stage where Apple would finally lay out its full AI strategy, starting with a foundational AI consumer platform that brings Alphabet's (GOOG) (GOOGL) Gemini AI model into Apple's hardware ecosystem.