No it isn’t; why did all non-intel processors fade into obscurity and why does intel architecture with all of its Zilog 80 baggage dominate? Because one can’t get a dirt cheap (under $500) POWER9 desktop or server; same goes for MIPS, UltraSPARC, anything else that’s modern and non-intel... why is ARM so popular? Because one can buy it dirt chip for tinkering with it at home. That is what propelled ARM and intel, people would install a Linux ISO on their parents’ old PC and it built up familiarity.
Until that happens with POWER (or any other non-ARM, non-intel architecture) history has taught me that it will fail. Hardware has to be easily accessble and dirt cheap, and things like software mirroring or compilers must come with the OS and all the software has to be gratis. Otherwise history says - fail! Sometimes of epic proportions (hp, sgi, Sun, IBM).
Sun Microsystems for example eventually realized that the software has to be gratis and open source, but they lived in this fantasy world where they thought they could charge anything they wanted for hardware — and would indignantly argue about it when it was pointed out to them that it’s way too overpriced and expensive. That lost them familiarity with the hardware and familiarity with the OS because for most people a second hand used PC-bucket with GNU/Linux was good enough and the target audience wouldn’t have known or cared about all the advanced features anyway. We all know how that ended.