I'm not sure the no-code approach is actually dead, but AI is certainly transforming it.
The main problem with AI (aka vibe coding) is that you can start very easily and, in one or two prompts, receive an impressive start for your website or app.
But once you want to change, fix or improve something, that's where you can lose your money. It always feels "almost there, but not yet".
That's exactly where the wysiwyg/drag-n-drop UX comes to the rescue.
And some smart vibe-coding tools (e.g. Lovable) started adding visual development capabilities.
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