Intel 12th gen (Alder Lake CPU)?

If so, try shutting down Workstation and disabling the power throttling setting for the vmware-vmx.exe application:

powercfg /powerthrottling disable /path "C:\Program Files (x86)\VMware\VMware Workstation\x64\vmware-vmx.exe"

intel 13th gen, running the suggested powercfg command  did not help 

Using 13th gen Intel CPU.  As suggested I turned off VMware workstation, ran the powercfg command in windows cmd as admin user. This did not help. 

Two other things that I can suggest:

Lower the virtual machine’s hardware compatibility to Workstation 16 or 15 and see if any changes. 

Disable Hyper-V so that the VM runs under the VMware hypervisor. 

In windows features I already had Hyper-V unchecked. How do I make sure that VM runs under the VMware hypervisor? 

Do I need to check mark next to Windows Hypervisor Platform and Virtual Machine Platform in Windows Features? 

I tried by creating VM with hardware version 16.2, 16, and it did not help. 
When trying to create VM with hardware version 15 and below, it says CentOS Stream 9 is not compatible. 

got it resolved by removing hyper-v role entirely from windows 11 by following this guide

https://learn.microsoft.com/en-us/troubleshoot/windows-client/application-management/virtualization-...

Same issue with host Windows Enterprise 10.0.19045.3208, guest Ubuntu 23.04 on VMWare Workstation Pro 16.2.5, Alder Lake-P CPU.

Running the powercfg command didn't help, and Hyper-V is not installed.