Good morning. On Fortune’s radar today:
- Insiders knew that advanced AI models would escape the lab and wreak havoc .
- Chips get salty: SK Hynix profit up 557%—and the stock still tanked.
- Wall Street asks, what if hyperscaler capex is more of a problem than a solution?
- There’s a good chance that the Fed’s Warsh will deliver a massive surprise today.
- Late-stage leverage has arrived, per Pimco.
- The midterms are hurting stocks.
- Shopify CEO favors ending voting rights for people who don’t pay tax.
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