In the 90’s, after all, aliens were coming to Earth to steal Intel’s chips.
Granted, the Intel CPU at the high end is pulling 250W+ (or was it 300W+?).
There are places for both architectures. I don't see x86 going anywhere unless Intel folds and ceases to design chips. Not sure AMD could power on alone given their current market share, though I certainly hope they could as a user of their chips in the desktop (and conversely, an M2 Air for my laptop).
A minor quibble—high end desktop is a niche almost seemingly intentionally(?) ignored by ARM. Ampere puts out interesting server chips, and Apple puts out interesting laptop chips. What a high end desktop ARM chip? Apple’s max and ultra chips maybe, but they are pretty clearly a compromise with the fact that that market is pretty niche.
The A18 launched with the iPhone 16 was also supposedly beating Intel single core as well.