With one minor exception, the same rules we learned for the M1 and M2 still apply to the M3 models. Display interfaces are generated deep inside the system on a chip. How many there are depends on the exact type of Processor:
M3 (plain) like the 13-in and 15-in supports up to ONE External fully hardware-accelerated external display.
Except the M3 MacBook Air models with 13 or 15-in display, (and certain M3 plain MacBook Pro models when running 14.6 or later) which can support a second external display instead of the built-in display when you close the cover on the built-in display.
M3 PRO processor supports up to Two fully hardware-accelerated external displays.
M3 MAX processor supports up to Four fully hardware-accelerated external displays.
M3 ULTRA processor supports up to Eight fully hardware-accelerated external displays