No, it isn't that way. It mostly ends up as a consequence of initially over-estimating the competitor. So your mind looks for their tiniest shortcomings to make sure that they do things wrong too.
Once it finds such a thing, subconsciously the mind registers the competitor as weaker than they actually are, to redeem your mind from the uncomfortable prick of a all-powerful competitor. It doesn't happen for everyone though. It takes a bit of rationality to overcome such conclusions.
I personally know people who'd read and stress negative reviews of their competitors' products, and eventually conclude that their competitors are not really thoughtful in their decision making.
Once it finds such a thing, subconsciously the mind registers the competitor as weaker than they actually are, to redeem your mind from the uncomfortable prick of a all-powerful competitor. It doesn't happen for everyone though. It takes a bit of rationality to overcome such conclusions.
I personally know people who'd read and stress negative reviews of their competitors' products, and eventually conclude that their competitors are not really thoughtful in their decision making.
TL;DR - Yes.