Singapore's non-oil domestic exports (NODX) surged 38.4% in May, the biggest jump since December 2003, driven by a 94.8% spike in electronics shipments. The AI supercycle is real: integrated circuits, disk media products, and PCs flew out of the city-state as Microsoft, Alphabet, Meta, and Amazon collectively pushed their 2026 capital expenditure to over US$700 billion—up 77% from 2025's record. Singapore sits upstream in this supply chain, shipping hardware to...