This topic has many possible meanings:
The universe is a Turing machine (therefore, it is physically impossible to calculate non-recursive functions). This is defined as the topic of the Great Church Turing.
The universe is not a Turing machine (that is, the laws of physics are not Turing computable), but countless physical events can't stop us from creating a supercomputer. For example, a universe with physical real numbers as computable real numbers can be classified in this way.
The universe is a supercomputer, because physical devices can be built to control this characteristic and calculate non-recursive functions. For example, an unsolved problem is that quantum mechanical events are Turing computable, although we have proved that any system composed of qubits is Turing complete. John lucas (and Roger Luo Ze) once suggested that the human brain may be the result of quantum supercomputing.