Modern Ryzen APUs have completely fixed this. Anything that can run on a steam deck can run just fine on your budget laptop. You can play AAA games at HD resolution and 60fps on sub $1000 laptops. It will even beat an older gaming laptop's battery life while doing it.
If you're talking x86, only if you're okay with hearing loss :)
Or really have no choice. Student who has space/funds for one device and it has to be portable, for example.