South Korea’s chip exports just exploded 259.4% to $56.4 billion, pushing October exports to about $115.3 billion, the biggest year-over-year jump in over five decades. AI-server demand drove a surge in computer exports too.

Even after adjusting for two extra working days from the Chuseok calendar, average daily exports rose about 76%. Wall Street has been hammering AI companies over spending, but the physical buildout is clearly still accelerating. Strong demand doesn’t guarantee strong returns, but the infrastructure boom is real.

Next signal: AMD reports earnings Tuesday. Watch data-center demand and guidance.

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