Tech Giants Apple, AMD, and Okta Soar to Fresh Highs Amid Industry Optimism

Apple Inc.'s (AAPL) stock jumped to an annual high on Tuesday after reports emerged that the iPhone maker is working on a screenless health and fitness band, competing directly with devices from Whoop Inc.

The company's shares climbed 0.23% to $345.34, marking its sixth week of gains amid growing optimism about device launches.

Meanwhile, Okta Inc.'s (OKTA) stock surged to an annual high of $198.08 after Baird raised its price target to $200 from $185 and maintained an 'Outperform' rating on the shares.

The stock has gained nearly 3% at close, with a recent blowout fiscal second-quarter earnings report contributing to optimism around the company.