The Market Cap to GDP at 42% for LatAm is the structural setup. The geopolitical catalyst just accelerates it. What's interesting is that the Middle East data center pull-back is not a one-cycle story. The insurance and risk pricing on critical infrastructure in conflict-proximate regions will stay elevated well beyond any ceasefire. Hyperscalers price availability and redundancy requirements into site selection at multi-decade horizons. Once a region gets placed in the elevated-risk tier, it's very hard to exit that tier quickly. LatAm gets the benefit of stable legal frameworks in key markets, existing fiber infrastructure in Brazil and Chile, and now a geopolitical tailwind. The valuation discount and the capex re-routing could converge over the same time period.