A 10 year old Intel CPU won't have the INVPCID instruction (Haswell was introduced in 2013). It might have the PCID feature in the cache (PCID was introduced in Westmere 2010). But it is again not a fair comparison. Older Intel CPUs have consume much more clock cycles during VM transitions.
You could try enabling Hyper-V and create a VM that runs under Hyper-V and run the same VM workload to make a fair comparison between Hyper-V and Workstation Pro 15.5.7 running on the same hardware setup using AMD 5950X. But I suspect you are unlikely to see any major improvement if indeed the PCID/INVPCID absence is the cause of the slow SQL VM in Workstation Pro.
