AI scaling laws accelerating, not breaking — the linchpin of the entire bull thesis
Jensen Huang confirmed scaling laws are intact and accelerating; as long as compute yields exponential intelligence gains, fundamentals will keep improving and the AI capex supercycle is justified.
AI capabilities doubling every 6 months drives exponential FCF growth for compute platforms
As long as AI scaling laws persist (capabilities doubling ~every 6 months per Satya Nadella), the earning power and free cash flow per share of companies like AMD and Palantir will grow exponentially, decoupled from human psychology and valuation narratives.