That has not happened with the M1, so why should it be any different with M1 Pro and M1 Max? The x86 days are over, so your old assumptions no longer holds true. With their own silicon, Apple has the "secret" weapon that their competitors currently lack.
Just look at the Phone business. The competition has had access to ARM chips just like Apple, but nobody has been able to compete with iPhone in performace. This has been going on for years.
And Intel is at a much worse position than the Smart Phone competitors of Apple. They are saddled with ancient legacy hardware with lineage back to 1978. That is a lot of baggage to still carry around.
The 64-bit ARM architecture Apple uses in contrast is a very modern CPU design without all the legacy baggage dragging them down.
Sure Intel beat PowerPC back in the day, but then Apple was not in charge of the development and Intel won on volume, controlling the fabs. Today that they don't have that trick up their sleeve to pull and Apple is a far richer company with far more money to spend to make sure their chips stay ahead of the curve.