I was wondering if it is possible to install Intel-based guest macOS on an Apple silicon (M2 chip) host OS using Parallels?
Virtual machines created on Intel-based Mac computers have x86_64 CPU architecture that is fundamentally different from the Arm architecture. Therefore, a virtual machine created on an Intel-based Mac cannot be used on a Mac with Apple silicon, and vise-versa. https://kb.parallels.com/125343