Say you have a plain HTML file, could be a fragment, not in necessarily a complete document. Say it's stored in your Next.js project, fetched from a website, or something like that.

How can I read/parse this plain HTML file in a server component, replace/wrap certain elements with React client components, and then render it and serve it to the browser in a way that the HTML comes out as HTML, and the React client components gets hydrated and such properly?

I know I can use dangerously set html to render HTML, but I don't want to just display the "dead" HTML. I want to inject dynamic React components into it that will work as normal React components, with access to contexts and everything else a component would.

Say for example there's a <video> tag and I want to replace/wrap it with a dynamic React-based video player, or I want to replace all <a> tags with <Link> components.