Ark Invest are the creators of the ARKK [1] and ARKW ETFs that have become retail darlings, mainly because they're heavily invested in TSLA.

They pride themselves on this type of fundamental, bottom up analysis on the market.

It's fine.. I don't know if I agree with using Moore's law which is fundamentally about hardware, with the cost to run a "system" which is a combination of customized hardware and new software techniques

[1] https://pages.etflogic.io/?ticker=ARKK