At this point, longtime Apple investors should be well-aware how important the annual Worldwide Developers Conference (WWDC) can be for Apple’s stock. This weeklong Apple-hosted tech conference tends to represent a critical inflection point in terms of analyst and investor expectations.
Key Takeaways:
- Apple’s Worldwide Developers Conference (WWDC) is in full swing this week, making this week a critical moment for Apple’s stock.
- At this conference, Apple is expected to announce a number of significant software upgrades, especially in regards to Siri and artificial intelligence.
- The State Street Technology Select Sector SPDR ETF (XLK) lets investors and advisors ride Apple’s momentum while diversifying its portfolio through other compelling tech stocks.
As one would expect, Apple tends to make a number of business announcements throughout the course of the conference. While these announcements have tended to lean towards the software side, Apple has announced new hardware at WWDC in the past, such as the Apple Vision Pro in 2023.
WWDC 2026 has just begun this week, starting on Monday, June 8. Expectations are for Apple to lean into artificial intelligence, including a revamped Siri.
See More: XLK, XLE, or XLU? Building Your Sector Pairs
Of course, this conference represents a potential buy opportunity for anyone who is optimistic about Apple’s potential. Historically speaking, WWDC often operates as a noticeable catalyst for Apple’s stock.
However, those looking to build more exposure to Apple might want to do so through a bit of a diversified means. After all, while WWDC will likely bode well for Apple’s stock, it can’t hurt to be prudent and opt for an approach that tilts into a more balanced portfolio.
XLK Offers a Diversified Vehicle to Tackle Apple Momentum
For instance, take a closer look at the State Street Technology Select Sector SPDR ETF (XLK). XLK uses the flexible ETF framework to offer low-cost access to the technology stocks within the S&P 500.
See More: State Street Tech Sector ETF XLK Passes $100 Billion in AUM
While XLK does invest in a variety of different tech companies, Apple remains one of the fund’s top holdings. As of June 5, 2026, Apple carried 12.19% of XLK’s portfolio weight. This allows XLK to enjoy Apple’s stock momentum without being beholden to the company to keep moving in the right direction.
Crucially, XLK’s approach to tech exposure is already providing highly attractive near-term returns. As of May 31, 2026, the fund’s NAV is up 19.80% over the past month.
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