I would hope so, given that you can buy multiple M5 laptops for the price of that CPU alone.
I made a comment about how impressive the M5 laptops were above, so these comments trying to debunk it by comparing to $12,000 CPUs (before building the rest of the system) are kind of an admission that the M5 is rather powerful. If you have to spend 3-4X as much to build something that competes, what are we even talking about any more?