Applied Materials Inc. ( AMAT ) announced a new share buyback program and positive growth for the long term. The chipmaker anticipates adjusted earnings of $5.08 a share in fiscal 2020 thanks to sustained growth in its internet-of-things and artificial intelligence developments. That implies healthy growth from analysts' expectations of $3.21 a share in the current fiscal year. Applied Materials also authorized $3 billion in share buybacks, adding to the $995 million still available for repurchases.