Yeah sure, there was a time people believed that about javascript, and node.js ended up being a tool used to build website middle-ends and BFF to connect to actual backends.
The user's device which can be a smartphone or a latpop and the developer's device which can be a 24 hour online server or a 24 hour online server, are just two completely different devices that cannot be abstracted away.
WASM is a technology that was born for the frontend, and js was a technology that was born for the frontend, you can for sure metastasize the web front towards the back, but then you end up with a web bias in the frontend (why not make the backend in swift, or Java for phones?, or whatever language will be used for new tech like LLM voice assistants?) and of course a frontend bias in the backend.
Not a good look, let's stop it with the full stack thing, let's specialize, half of use do backend, half of you do frontend, and then we keep on specializing, if everyone does everything we'll cover no ground.