AMAT — A Potential Buying Opportunity Amid the CorrectionApplied Materials, Inc.BATS:AMATshidiqWith the broader market correction underway and AMAT facing additional selling pressure following its SEMICON West presentation, I believe its underlying fundamentals deserve a closer look. Applied Materials continues to demonstrate solid financial performance, supported by demand for advanced semiconductor manufacturing, AI infrastructure and next-generation chip technologies. The company has also outlined ambitious plans to more than double its R&D lab and manufacturing capacity by 2030, positioning itself to capture future industry growth. However, strong fundamentals do not necessarily translate into an immediate price recovery. The recent market reaction highlights the gap that can exist between a company's long-term prospects and investors' near-term expectations. From a technical perspective, I'm keeping an eye on the $360–$370 zone, where two Fibonacci levels converge. Rather than anticipating an immediate reversal, I'd prefer to see price enter this region and establish a convincing bullish signal before considering an entry. For now, I'll be setting price alerts and waiting for confirmation. The plan is simple: identify the zone, wait for the signal, and manage the risk.