No. It is a way to choose what devices start or device settings on the
operating system at startup with different profile choices as shown in
Device Manager. The link below explains more. --- Steve
A hardware profile is a set of instructions that tells Windows which devices
to start when you start your computer or which settings to use for each
device. When you first install Windows, a hardware profile called Profile 1
(for laptops, the profiles are Docked Profile or Undocked Profile) is
created. By default, every device that is installed on your computer at the
time you install Windows is enabled in the Profile 1 hardware profile.