Hello Daniel L,
It might seem that either the NIC or the Guest VM does not support SR-IOV. Please check the compatibility of Guest OS:
and also the NIC compatibility with the PS cmdlet: Get-NetAdapterSriov <interface alias> | fl *
*you can find the <interface alias> with Get-NetAdapter cmdlt: https://learn.microsoft.com/en-us/powershell/module/netadapter/get-netadapter?view=windowsserver2019-ps
Hope it helps in your case!
Best regards,