I ran into the same problem recently when creating an external switch in Hyper-V. Long story short, every time an external switch was created, it would bring my ethernet connection down on my host laptop. I had wifi connection option also but disabled it to just strictly troubleshoot the ethernet network adapter.
I brought down the VM, once turned off, deleted the external network adapter from hyper V virtual switch manager. On the host machine, disabled and re-enabled the network adapter from within network connections (ethernet). Once connected, I brought the VM back online FIRST, then created the external switch second which connected with no issues. Verified I was able to access outside world aka internet on both host and VM.