Apple (AAPL) Prepares for WWDC AI Overhaul: Valuation Trap or Institutional Springboard?

Apple (AAPL) rose 0.31% to $311.23 ahead of WWDC 2026. Backed by record $111.2B Q2 revenue and a new $100B buyback, Morgan Stanley views Apple’s upcoming Agentic AI software and Siri ecosystem overhaul as a major catalyst for a narrative re-rating toward $365–$385.