Minimum value of $$f(x)=\frac{x^4+5x^2+7}{x^2+3}$$
we have $f(x)$ as $$f(x)=(x^2+3)+\frac{1}{x^2+3}-1$$
Now by $AM \gt GM$ we have
$$(x^2+3)+\frac{1}{x^2+3} \gt 2$$
But equality cannot occur since $$x^2+3 \ne \frac{1}{x^2+3}$$
But my question is without using calculus is there any way to find minimum using AM, GM?

As an alternative, using your idea for decomposition, by Rearrangement inequality with
we have that
$$a_1b_1+a_2b_2=\frac13\cdot 3(x^2+3)+\frac{1}{(x^2+3)}\cdot 1= x^2+3+\frac{1}{(x^2+3)}\ge a_1b_2+a_2b_1=$$
$$=\frac13\cdot 1 +\frac{1}{(x^2+3)}\cdot 3(x^2+3)=\frac13+3=\frac{10}3$$
with equality for
$$a_1=a_2 \iff \frac13=\frac{1}{(x^2+3)}\iff x=0$$
therefore
$$f(x)=(x^2+3)+\frac{1}{x^2+3}-1\ge \frac{10}3-1=\frac 73$$
with the minimum attained at $x=0$.