Apple Inc. shares have been heavily tethered to US trade policies this year, but its annual developer’s conference could refocus Wall Street’s attention on a potentially bigger problem: its struggles with artificial intelligence.

The iPhone maker’s WWDC event kicks off Monday and isn’t expected to feature much in the way of major AI releases. That could shine a light on Apple’s shortfalls with the critical technology, threatening further weakness for its shares with few obvious catalysts on the horizon to turn things around.