GPU issues when running Altair HyperWorks 2022 on win11 on m1 MacBook Air

I am trying to run Altair HyperWorks 2020 on my MacBook Air m1 using the latest Parallels Desktop 18. Everything seems to be working fine, however when the system is about to render any solid as a shaded object, they disappear. They only show for a few ms and then vanish.
Attaching a demo screen recording of the issue.
Anyone has any idea of what setting I could adjust to try and mitigate this issue?