Irrelevant.
The vast majority of applications running in the cloud are business applications that struggle to saturate the CPU and waste most of the CPU cycles idlying by in epoll/select loops. Unless you need HPC, you do not need the fastest CPU, either.
> create further lock-in opportunities
Don't like AWS/Graviton? Take your workload to the Oracle cloud and run it on Oracle ARM.
Don't like ARM? If your app is interpreted/JIT'd (e.g. Python/NodeJs) or byte code compiled (JVM), lift and shift it to the IBM cloud and run it on a POWER cloud instance – as long as IBM offers a price-performance ratio comparable to that of AWS/Graviton or you are willing to pay for it.