The New Virtual Machine wizard prompts you for a virtual machine name and a directory for the virtual machine files.
The name of the default directory for virtual machine files is derived from the name of the guest operating system, for example, Microsoft Windows 10 x64.
For standard virtual machines, the default directory for virtual machine files is located in the virtual machine directory. For best performance, do not place the virtual machines directory on a network drive. If other users need to access the virtual machine, consider placing the virtual machine files in a location that is accessible to those users.
For shared virtual machines, the default directory for virtual machine files is located in the shared virtual machines directory. Shared virtual machine files must reside in the shared virtual machines directory.