Okta is trading at $166.52, a -11.08% move amid selling across AI-linked technology and cybersecurity stocks. - No clear Okta-specific announcement after the close was identified; coverage also cited a competing Perplexity product and Bernstein’s recent downgrade as added pressure. - Broader risk-off sentiment weighed on technology stocks as investors questioned AI infrastructure financing and rising borrowing costs. - Reuters reported those concerns pressured AI-related shares on October 16.