There always are situations where you need to squeeze out performance and there always will be. A. as mentioned above there are devices that have very limited

There always are situations where you need to squeeze out performance and there always will be. A. as mentioned above there are devices that have very limited performance. B. There is always software or parts of software where every last drop of performance needs to be squeezed out, regardless of how fast your computer is. For example, the scheduler for your OS. Or doing certain graphics calculations. If you have to repeat a certain type of code for every pixel over a million pixels, you do not want to be running a VM. So this argument is a dead end. There will always be certain type of tasks where it pays to be as fast as possible. Even as computers get more powerful, software gets more complex and more abstracted which means there is always something on the bottom of all the abstractions that needs to run super fast and if it doesn't it will slow everything else to a crawl.