I know you asked about VMs, but fwiw there are GPU-capable containers now: https://docs.nvidia.com/datacenter/cloud-native/container-toolkit/latest/install-guide.html
Used one of these and the setup is as easy as it sounds. It can run Houdini, Stable Diffusion.
Funnily, due to this, i often find an open source app that is way better than whatever annoyed me.
Just today i used an Adobe product that got me raging. Within minutes i installed an oss equivalent that was a joy to use in comparison.
It's an interesting trend.