Now, Intel CPUs, even with this funky instruction set (that has become an absolute monster) still is king in terms of performance, compared to anything ARM or RISC-V. That may change, but it won't overnight.
Absolute performance, yes, though Apple's implementation of the Arm ISA is neck and neck with them.
For RISC-V, we're just now this month five years after the initial RV64GC+priv stuff was frozen and ratified, and 2 1/2 years since a large lump of stuff essential for phones, desktops, servers was added (Vector, Hypervisor, cache management operations, ...). Things which the Android people say are essential are in RVA23 which isn't ratified yet (or maybe was at the Summit last week ... I'm not sure).
It takes a good five years to design a modern high performance core and get it to market. Several different companies employing people of the caliber of Jim Keller and Wei-han Lien (chief architect of the M1 at Apple) started working on RISC-V designs in 2022 or so, with serious financing behind them. There is every reason to think they can do again what they've done before (many times, in the case of Keller). Most recently, I believe Keller was behind Intel's recent (very successful) move to P cores and E cores. [1]
So, no, RISC-V won't be competitive with x86 at the high end overnight, but the designs are well into the pipeline and will be in a store near you in maybe 2027. Certainly well before the end of the decade.
We're getting early Core i7 performance (maybe around Sandy/Ivy Bridge) around the end of this year with the 16 core SG2380 -- so actually more of a Xeon or i9 except i9 wasn't until Skylake and Sandy/Ivy Bridge Xeon topped out at 6 or 8 cores per chip. And it's not going to turbo as high ... more like the base speed of a Xeon with a lot of cores.
[1] I just love my 24 core i9-13900K Lenovo laptop: 8 P cores and 16 E cores. By the time you're maxing out the 8 P cores the clock speed has already dropped from 5.3 GHz to 4.1 GHz, so the fact that the E cores *can't* run over 4 GHz loses you nothing.