What Happened?
A number of stocks fell in the afternoon session after investor fears over artificial intelligence disrupting the software industry sparked a broad sell-off. The anxiety stemmed from the rapid adoption of new 'agentic AI' tools, which some investors believed could dismantle traditional Software-as-a-Service (SaaS) business models. This 'AI Panic' led to indiscriminate selling across the sector. The market move reflected growing concerns about the downside of the AI boom for established software companies.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Electronic Components & Manufacturing company Rogers (NYSE:ROG) fell 4.3%. Is now the time to buy Rogers? Access our full analysis report here, it’s free.
- Terrestrial Telecommunication Services company Lumen (NYSE:LUMN) fell 2%. Is now the time to buy Lumen? Access our full analysis report here, it’s free.
- Enterprise Networking company Applied Digital (NASDAQ:APLD) fell 4%. Is now the time to buy Applied Digital? Access our full analysis report here, it’s free.
- Enterprise Networking company Amdocs (NASDAQ:DOX) fell 2%. Is now the time to buy Amdocs? Access our full analysis report here, it’s free.
- Hardware & Infrastructure company HP (NYSE:HPQ) fell 2.9%. Is now the time to buy HP? Access our full analysis report here, it’s free.
Zooming In On Rogers (ROG)
Rogers’s shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 4 months ago when the stock gained 9.5% on the news that the company reported strong third-quarter 2025 financial results that surpassed market expectations and provided upbeat guidance for the next quarter.
The company announced revenue of $216 million, marking a 2.7% increase from the same period last year and beating analysts' projections. Profitability also exceeded expectations, with adjusted earnings per share of $0.90, which was nearly 30% higher than consensus estimates. Looking ahead, Rogers provided an optimistic outlook, with guidance for both revenue and adjusted earnings per share for the upcoming quarter coming in above Wall Street's forecasts. The positive results reflect the company's strategic focus on supplying engineered materials to high-growth sectors such as electric vehicles, advanced driver assistance systems, and renewable energy.
Rogers is up 12.3% since the beginning of the year, and at $103.31 per share, it is trading close to its 52-week high of $110.20 from February 2026. Investors who bought $1,000 worth of Rogers’s shares 5 years ago would now be looking at an investment worth $591.73.
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