VirtualBox Ubuntu 24.04 VM shows black screen upon boot

I recently installed a Docker desktop. Now, I tried to open my Ubuntu 24.04 Virtual Machine on VirtualBox, but it boots into a black screen after the GRUB menu with a blinking cursor, which disappears after some time.

I have already tried to change my graphics controller and increase my video memory and base memory. I have also tried switching off Hyper-V. I have turned off the programs and features related to Hyper-V. I have even tried to disable 3D acceleration but to no avail.

If any logs are required, please ask for them.