The US was able to do that because a majority of the world including Europe was determined to exclude USSR from all trade and by putting them into extreme paranoia of total destruction. EU has lots of trading partners from the West and not everything is improved by AI.

Yes an economy that's being inflated by AI can affect acquiring of certain resources like DRAM or certain silicon quotas, if you're not joining the bandwagon. However there is enough in-house tech in Europe to prop up the critical industries that do not get affected by AI.

The US also needs someone to sell their stuff for keeping the inflated prices. A majority internal market is as unhealthy for the US as the EU.