I mean, Moore's law is hanging but that doesn't mean that they can just, you know, expand their computer footprint? To be precise, NSA (or is it NRO?) is preparing for a warehouse-size supercomputer and it is conceivable that other countries are bucking up with this.
Plus, after the "let's rely on Moore's law" tactic, chip design has another boost of investment, and it's paying off. IPCs, despite the clocks hovering around 5GHZ, is increasing and specialised chips and immersion and/or sub-zero cooling can boost this further. It's rather exciting after the relative stagnation last decade.