Evening Scan

Korean chip stocks fell sharply this morning. The "AI fatigue" narrative that's been building for weeks showed up in a price chart. Apple shipped security patches, X launched its banking product, and a Minnesota judge ruled that prediction markets can continue operating.

11%+ — Samsung Electronics' opening-bell drop as Korean chipmakers sold off on AI fatigue fears. (Bloomberg)

Korean chipmakers' stocks plunge as AI fatigue sets in (paywall)

Samsung and SK Hynix both dropped at the open, dragging the Kospi down. The selloff suggests AI capex optimism has limits. (Bloomberg)

X Money launches in the US

Premium subscribers now get a deposit account, 6% APY, and a Visa debit card. Musk's "everything app" bet cleared a real milestone. (The Verge)

Judge blocks Minnesota's prediction-market ban (paywall)

A federal preliminary injunction keeps Kalshi and Polymarket operating in the state. (NYT)

Xbox's outage blocked even disc-based games

A multi-day outage that started Sunday reached physical media — an unexpected cascade. (The Verge)