Let's not hide it: Intel, AMD and nVidia are the PC gaming industry as we know it. Qualcomm surpassing the Xbox X series and the three (Intel/AMD/nVidia) pushing, or be pushed, towards RISC PC may change few things. But ARM RISC PC also mean lot of more competition like Samsung working on CPU using 5nm processes... this come at costs of the historical traditional PC's software database.
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I'd argue that any monopoly is inherently bad.