Running Core with Parallels in Macbook M1?

Hi everyone,

I would like to know if anyone here has ever tried running core with Parallels Desktop 17 in Macbook M1?
When I tried it on mine, it's always stuck for a long time in this step:
Processing: Microsoft Visual C++ 2015-1019 Redistributable (x64) - 14.24.28127

When it's not stuck anymore, I got the following message:
0x800705b4 - This operation returned because the timeout period expired

Wonder if anyone has ever installed it successfully?
Would like to know this before I decide to buy a new Windows computer.

Thank you very much