Yes and no; you can use GPU partitioning in Hyper-V with consumer cards and Windows 10/11 client on both sides, it’s just annoying to set up, and even then there’s hoops to jump through to get decent performance.
If you don’t need vendor-specific features/drivers, then VMware Workstation (even with Hyper-V enabled) supports proper guest 3D acceleration with some light GPU virtualization, up to DX11 IIRC. It doesn’t see the host’s NVIDIA/AMD/Intel card and doesn’t use that vendor’s drivers, so there’s no datacenter SKU restrictions. (But you are limited to pure DX11 & OpenGL usage, no CUDA etc.)
If you don’t need vendor-specific features/drivers, then VMware Workstation (even with Hyper-V enabled) supports proper guest 3D acceleration with some light GPU virtualization, up to DX11 IIRC. It doesn’t see the host’s NVIDIA/AMD/Intel card and doesn’t use that vendor’s drivers, so there’s no datacenter SKU restrictions. (But you are limited to pure DX11 & OpenGL usage, no CUDA etc.)