Photoshop freezes for 2+ minutes when opening JPG files (Windows, GPU, PS all up to date)

Photoshop launches normally and operates smoothly at first. However, the moment I open or drag and drop a JPG file into the workspace, Photoshop freezes completely for over two minutes before becoming responsive again.

System & Environment Details:

• Windows OS: Fully updated to the latest build.

• Adobe Photoshop: Updated to the latest version. “v 27.10”

• GPU Drivers: Fully updated.

• Browser: Fully updated.

• System Status: System is completely clean (ran maintenance and cleanup routines using CCleaner and Wise Disk Cleaner).

Troubleshooting Already Attempted:

• Cleaned system cache and temp files using CCleaner and Wise Disk Cleaner.

• The issue specifically triggers upon importing/opening JPG files.

Could you please advise if this is a known bug in the recent release, or if there is a specific Camera Raw / Color Profile / GPU rendering setting causing this freeze upon opening JPEG assets?