Danielle can correct me if I'm wrong, but I don't believe Elementary has any ARM64 builds right now. I tried to boot the Elementary standard x86-64 .iso in QEMU with x86-64 emulation on MacOS on an M2 Mac Studio, and it works but it's painfully slow.
I have Elementary installed on a relatively high end HP laptop, and it runs well. Not perfect, but well enough that I'm happy with it. I won't buy another high end HP laptop, though, but that's unrelated to Elementary. The laptop got painfully hot and had awful battery life with Windows 11 and Ubuntu too.