GTA V (admittedly not a very modern title anymore) is very playable on Apple Silicon systems, you can find plenty of demo footage on youtube.

I don’t have a good list of which games I validated in parallels and which I didn’t (since I’ve stopped gaming for the last 6 months or so).

And I do heavily play boomer shooters so it’s likely I was impressed by performance of less demanding games.

Doom Eternal is one AAA game I definitely would want to play in Parallels but can’t because the Vulkan version is not new enough. I’m confident though that Microsoft could bring these APIs up-to-date on an “ARM PC” though, if it has capable 3D hardware.