AI Rout Finds a Floor. For Now.

A.M. Edition for Oct. 23. The tech selloff shows signs of easing at the end of a rollercoaster week, even as signs of stress in the AI trade continued overnight, after one of the boom’s biggest winners SK Hynixhalted a planned U.S. IPO (wsj.com/tech/sk-hynix-shelves-plans-for-u-s-li…) of its memory-chip business. Plus, as politicians across the country push back against AI projects, WSJ reporter Joe Wallace explains why it’s creating a conflict with pension fund investments, which have raked in billions of dollars for Americans in AI-fueled returns (wsj.com/finance/investing/politicians-are-turn…). And New York City Council has voted to ban horse carriages (wsj.com/us-news/nyc-to-vote-on-horse-carriage-…), saying they will shut down the industry in 2028. Daniel Bach hosts.

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