KVMs not running after qemu-kvm upgrade in CentOS 8.1, RHEL 8.1

This is the error i encountered when i updated my CentOS 8.1/RHEL 8.1 machines and all the KVMs are showing the error below:

error: internal error: process exited while connecting to monitor: 2020-06-09T12:41:10.410896Z qemu-kvm: -machine pc-q35-rhel8.1.0,accel=kvm,usb=off,vmport=off,smm=on,dump-guest-core=off: unsupported machine type Use -machine help to list supported machines