VirtualBuddy for Mac

Lacks some of the bells and whistles of Parallels Desktop, but is FREE. Excellent product, have found it to be very stable on Sequoia, running Sequoia guests, and expect it to be even better under Tahoe, as Apple continues to tweak the underlying hypervisor framework.

Adding to Mcr's helpful comment below: MU isn't up on ALL the wonderful things at The Eclectic Light Company. And Howard Oakley, it's master, isn't any kind of organized business person. As such, it's a bit challenging for anyone to keep up with him. AS SUCH, the Viable app isn't listed here at MU. But you can get it AT: https://eclecticlight.co/2022/07/14/introducing-viable-to-virtualise-macos-on-apple-silicon-macs/

I have had very good results with this product. The key is you should use Sonoma or later, even though product supports Monterey and Ventura. Apple has improved the hypervisor framework from macos 12 on, you will get best performance and functionality with Sonoma. execution speed of the guest is almost native. Use standard file sharing, rather than drag / drop, not huge deal. I've also had very good results with Viable. Both products are ONLY for virtualizing macOS guests, ARM only. No Windows.