Apple fans are rightly excited about the transition to Apple's new in-house silicon for Macs. However, in transitioning from Intel to chips like its new M1, the popular Windows on Boot Camp feature has been lost. Parallels, however, says it's on track to bring support for OS virtualization back to the Mac in a future release.
https://www.notebookcheck.net/Parallels-working-on-support-for-Apple-s-M1-Arm-based-silicon-could-bring-Windows-10-back-to-the-Mac.503987.0.html