The article discusses the potential value of Apple’s stock in the lead-up to the company’s Worldwide Developers Conference (WWDC) in June 2023, the integration of artificial intelligence (AI) into its products and services, and the anticipated iPhone 16 cycle in 2024. Key points include: Apple’s stock has outperformed the broader market, with a year-to-date gain of over 20% as of early May 2023. Analysts expect Apple to showcase its AI capabilities at WWDC, which could drive further stock gains. The company is rumored to be working on integrating AI into various products, including the iPhone, potentially boosting its competitive edge. The iPhone 16 cycle in 2024 is anticipated to be a significant product launch, potentially driving strong sales and revenue growth for Apple. Overall, analysts remain bullish on Apple’s stock, citing its strong fundamentals, innovative product pipeline, and potential AI integration as key factors for future growth.