Hello Jeremy,
I have encountered the same thing (with other programs, not IceStudio).
There are 2 version of HomeBrew - one for the Intel devices and the other for the ARM devices such as yours (and my iMac). The ARM version lives in ‘/opt/homebrew’ while the Intel version lives in ‘/usr/local/HomeBrew’.
So much for the cause, the solution might be fr you to install the Intel version as well - there are a number of web sites that show you how to do this and also how to select which one you use in any particular time.