Yes, mobile technology is impressive - one look at Galaxy S25, a mobile phone with GPU that performs better than Switch 2 docked, is enough to be in awe - let alone looking at high end dedicated PC gaming handhelds.
Yet, even those high end PC gaming handhelds don't compare to consoles and are order of magnitude slower than high end PCs - it's simple physics, there is no greater mystery behind it. And there will always be people that don't care about portability and just want something sitting next to TV/monitor and doing its thing as best as possible for the price point.
Portables will be on the same level as dedicated home consoles/PCs only when there is no dedicated hardware on offer to begin with and everything is streamed - then it's matter of your internet connection/subscriber plan how good your game is delivered to you, on whichever device you demand it - and that's not in (so) near future.
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