Girija,
I can confirm that 22.003.20314 does not allow cross highlighting of PMI.

Greetings from Adobe Acrobat Desktop Team!

We are pleased to announce that the fix for the reported issue has been released in our latest update 22.003.20310. Request you to please update and check and get back to us if you still face any concerns. We highly appreciate your patience and cooperation in this regard.

If your product has not already been updated, to get the latest product update, click on the menu Help --> Check for updates in the product.

Hope this helps in addressing the reported issue. We look forward to the continued feedback.

Thanks and Regards,
Girija Agarwala
Adobe Acrobat Desktop team

Here is an example 3D PDF that I can share. If opened in the 32 bit version the PMI can be selected and the references will highlight, if opened in the 64 bit version the references will not highlight.

You must activate the "PMI" Model View to see the PMI.

1. I will need to get permission to share an example file, the problem occurs with all files, it is not file specific.

2. This is occurring on Windows 10 PCs

3. Attached is a video showing the problem.

Thanks for reporting this issue.
We apologize for the inconvenience caused due to this.

Could you please help us with the following information for better clarity :
1. The Files with which you can reproduce this.
2. The OS version
3. A video recording highlighting the issue.

Thanks and Regards,
Girija Agarwala
Adobe Acrobat Desktop team