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There are no differences in features between the two versions, of course. That said, Microsoft also offers downloads for x86-64 and Arm64 versions specifically, if desired.
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The change came in Visual Studio Code 1.54 (now 1.54.1, thanks to a bug fix update), which is available as a universal 64-bit binary, as is standard for apps with Apple Silicon support. An anonymous reader quotes a report from Ars Technica: Microsoft has released a new version of source-code editor Visual Studio Code that runs natively on Apple Silicon Macs like the MacBook Air, MacBook Pro, and Mac mini models with Apple M1 chips.
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