AMAT’s 8.4% Jump Is Not Yet a Trend Reversal

I see the +8.37% session as a sharp rebound, not enough evidence that AMAT’s trend has turned. The 12-month gain is +71.7%, but the stock is still down 24.5% over three months and 13.0% over one month, and sits 44.2% below its 52-week high. Strong fundamentals make the move plausible rather than obviously excessive: Q3 revenue rose 24.8% year over year, net income rose 42.7%, and the net margin expanded to 27.8%. Consensus expects FY 2027 EPS growth of 45.0%, with a 21.8x estimated P/E, though the trailing P/E is already 34.8x. This improves neither the recent price pattern nor my entry signal. I remain out until the stock shows sustained trend recovery.