Ironically, a bunch of our staff used to write their own cracks for games way back in the day. And what was true 15 years ago is definitely still true today: Everything can absolutely be cracked.
A vendor is incentivized to make it harder to remove the licensing mechanism in order to dissuade people from putting in the effort in cracking it. While a sensible amount of DRM might work for less popular titles, less so for very high end and expensive (think CAD, Engineering, and in this case, high end games). There are always several competent and motivated groups eager to pirate your stuff.
From the publisher’s perspective, it’s a pure numbers game:
Most AAA titles make the vast majority of their revenue in the first 14–30 days upon release of the game. If Denuvo or a hypervisor-level DRM can delay a crack by even two weeks, it forces the 'impatient' part of the pirate demographic to convert into sales. For a game that cost $100M–$200M to develop, that conversion usually represent tens of millions in revenue if the game is well received.
Game and software vendors have all sorts of middlemen and indirect costs that also need to be paid distribution, licensing, and massive marketing spends. They feel they have to protect that investment at any cost, so "preventing revenue leakage" is a no-brainer for them.
What sucks the most is that the pirates eventually get a 'clean' version with better performance once the DRM is stripped or bypassed, while the paying customer is left with the background processes, potential stability issues, and basically has no choice but to agree to have their usage being monitored.
I can't think of a definitive solution here. I lurk this subreddit often and I realize how preposterous (and maybe somewhat hypocritical given where some my team forged their software development chops many years ago) it would be to say something like "just don't pirate games.... if everyone paid for them, there wouldn't be a need for DRM".
Maybe a common sense, nuanced approach would be for the publishers to leave the hardcore DRM on for the first 90 days after a game release, and then volunarily remove it or once the game is cracked?