On: M2 Ultra Chip Benchmark Results Reveal Impressive ...

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It's much slower than comparable PCs, but uses about half the power (not that it matters).

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I don't really understand why people are disregarding the power draw. Seems like a wasteful perspective.

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Because it really doesn't matter. If you're actually using all the power you can, half the speed at half the power consumption actually means you're going to use more energy. Apple's GPUs aren't actually any better at performance per watt compared to NVidia once you start using large chips, and AMD's CPUs are not that much worse either.