A new study examining meme creation found that AI-generated meme captions on existing famous meme images scored higher on average for humor, creativity, and "shareability" than those made by people.

Coherent said it sees second-quarter revenue of $1.33 billion to $1.41 billion and adjusted EPS of 61 cents to 77 cents. Coherent shares gained 5.3% to trade at $104.72 on Thursday.