"What if we're insufficiently optimistic?" Anish Acharya's case in eight parts, from a conversation with Jen Kha on AI: 1. Macro (03:34) - Prices for last-gen GPUs are RISING on a per-hour basis. That never happens in computing. It points to essentially infinite demand for intelligence and highly constrained supply. 2. Moats (05:30) - Network effects, scale, and brand are as good as they've ever been. "No amount of coding agents is gonna make Nike not Nike." The vulnerability is integration,…