FWIW, Virtual box did get ported to Apple silicon, but long time Mac software developer Parallels has a consumer grade VM management software. Theirs supports directX 11 on arm windows, which is critical for getting usable performance out of it. Conversely, VMware's Mac offering does not, making 3d graphics on that painfully slow.

There's also a couple of open source VM utilities. UTM, tart, QEMU, Colima, probably others.