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Glonghui, June 17 – Ravi Menon, Managing Director of the Monetary Authority of Singapore, stated that global equity investment valuations are highly dependent on artificial intelligence, but revenue returns related to AI still carry significant uncertainty, while energy and chip costs continue to rise. The rapid short-term application of AI may bring risks such as insufficient economic benefits and inadequate security assurance.

The Prime Minister of Malaysia stated that he will discuss with Putin the issue of increasing Russian oil supplies.

Glonghui, June 17 — Leading optical communications company Coherent surged over 4% in pre-market trading, reaching a high of $398.4; as of press time, the gain narrowed to 2.4%, with the stock trading at $392. On June 16, Coherent held a groundbreaking ceremony for its new plant in Sherman, Texas, officially launching the expansion of its manufacturing base. NVIDIA founder and CEO Jensen Huang attended the event alongside Coherent CEO Jim Anderson. Both parties reiterated the critical role of optical interconnection in AI infrastructure. This expansion aims to increase production capacity for 6-inch indium phosphide (InP) wafers, providing key manufacturing support for high-speed optical communication devices. In addition, the company announced it has signed a letter of intent to receive up to $50 million in direct funding from the U.S. Department of Commerce under the CHIPS and Science Act, to support the manufacturing base expansion.