Thiel Capital's Jack Selby says markets have 'under-appreciated' Middle East's AI impact

• Markets have 'under-appreciated' the Middle East's significant capex spending on AI and AI infrastructure.
• The Middle East is a crucial region for AI-related infrastructure investment.
• Cancellation or reduction of these projects could lead to a 'much, much, much larger' negative market impact than currently anticipated.

Thiel Capital's Jack Selby asserts that financial markets are significantly underestimating the Middle East's capital expenditure on AI and AI infrastructure. He warns that if these projects are scaled back or canceled, the resulting market impact could be substantially larger than what is currently priced in by investors.