Okta and F5 shares surged in afternoon trading after the United States and Iran agreed to halt military exchanges, easing fears of a wider Middle East conflict. Okta jumped 5.3% and F5 gained 4.5%, lifted by a broader relief rally that also benefited from a rotation out of chip stocks into software. The de-escalation reduced oil prices and inflation concerns, lowering the odds of a Federal Reserve rate hike and boosting long-duration growth software names that had been under pressure. The move comes amid a backdrop of AI disruption fears that have weighed on the sector, with Okta shares now up 56.4% year-to-date and trading near its 52-week high of $139.79.
Accenture plc
Adobe Systems Incorporated
Salesforce.com Inc
Alphabet Inc Class C
Microsoft Corporation
F5 Networks Inc
Okta Inc