Are bolt-action rifles obsolete?

Are bolt-action rifles truly becoming obsolete in today's world? With the advancements in firearms technology, some argue that automatic and semi-automatic rifles have rendered bolt-actions obsolete. However, proponents of bolt-action rifles argue that they offer superior accuracy, reliability, and simplicity. What are your thoughts on the matter? Do you believe bolt-action rifles still have a place in modern warfare and hunting? Or are they merely relics of a bygone era?