For sure!
But just for reference, I'm on a mid-tier 2022 Dell Inspiron laptop: Ryzen 7 5825U with 64GB ram and 500GB SSD.
On it, I run Ubuntu 24.04 as my host, and my guest is Lubuntu with 16GB ram and 80GB ssd for my KVM.
I almost always have 2 instances of PHPstorm open in both Host and and Guest with multiple terminal tabs running various agentic tasks.