New Delhi, June 8 -- Apple shares climbed more than 2% on Monday as investors looked ahead to the technology giant's annual developer conference, where the company is widely expected to introduce fresh artificial intelligence (AI) capabilities. The event also marks the final developers conference under CEO Tim Cook before he hands leadership of the company to John Ternus in September.

As of 12:12 p.m. EDT, Apple stock was trading at $314.10, up $6.74, or 2.19%, from the previous close. The shares have gained nearly 16% so far this year.

Apple's Worldwide Developers Conference (WWDC), which kicked off on Monday, draws thousands of software developers from around 60 countries to the company's Silicon Valley campus. Unlike Apple's autumn p...