QEMU TCG failed to boot Windows 98 Second Edition

Host environment

• Operating system: Windows 11 24H2, ArchLinux, Apple Silicon macOS 15.5
• Architecture: x86_64, x86_64, AAcrh64
• QEMU flavor: qemu-system-i386
• QEMU version: master, 10.0.2
• QEMU command line:

  ./qemu-system-i386 -nodefaults -device cirrus-vga -drive file=w98.qcow2 ...

Emulated/Virtualized environment

• Operating system: Windows 98 Second Edition
• OS/kernel version: 4.10.2222B
• Architecture: x86

Description of problem

QEMU TCG failed at booting Windows 98 Second Edition 4.10.2222B.

Bisected to commit e54ef98c

Additional information