Running modern operating systems within Parallels requires significant hardware resources. According to the official system requirements :
Improved support for game controllers (Xbox and DualShock) and optimized refresh rates for Windows games running on Mac. ParallelsDesktop-18.0.2-53077.dmg
Parallels Desktop 18 was a milestone release specifically optimized for the transition to (M1 and M2 chips). The .dmg file is the standard Apple Disk Image used to distribute the application. Version: 18.0.2 Build: 53077 Release Date: October 2022 ParallelsDesktop-18.0.2-53077.dmg
For developers, this version introduced more powerful CLI tools and the ability to isolate VMs in a separate network. Performance Requirements ParallelsDesktop-18.0.2-53077.dmg