Moore's Law is dead.
Intel introduced the 64 bit "Core 2" processor in 2005 so laptops could access more than 4 gigabytes of RAM.
Moore's Law's 18 month doubling time says the following 21 years should have 14 doublings to 64 terabytes of RAM in each $2000 laptop.
That's why silicon valley execs went crazy: they no longer have free growth. Their business model doesn't WORK. They've done regulatory capture, brute force spending inflating a snake oil bubble, and nothing's working.