Spinning Wheel Problems with M1 Max and Photoshop

Hi All, 

I installed latest version of photoshop and Bridge. Also latest verison of MacOS

I just had a spinning wheel for about 2 minutes when creating a clean stamp layered smart object on an 2.50gb image in Photoshop. This problem doesnt happen every time, but often enough and at random. I keep getting this spinning wheel for inoirdinant amount of time say when brushing something on an empty layer, creating a smart object, or when quitting Camera Raw, or when making selection, it can be any other action i undertake in photoshop. I am really getting sick and tired of this.

I bought refurbished 16' M1 Max 64gb Ram, 10 core cpu and 32Gpu about 5 months ago from Apple itself. These things should not be happeing on this laptop. 

I have photoshop on 80% of laptops ram, photoshop scratch disc on external 1tb ssd. All images I work on get loaded up from external HD and are as well saved on it. I keep no images I work on on the laptops storage itself.

I have called Apple couple of times about this problem but they were unwilling to help, they said its not Laptop its 3d party software and because of that I need to speak to Adobe. Originaly I though that spinning wheel problem was related to an specific action itself (like creating smart object) so I was focusing last couple of months in trying to find fixes in that way, have posted here on forums without being able to find a solution. But now I realise that problem is very random and cant be put on one thing alone.

Guys does anyone knows what is happening here, is the laptop problem or can there be a glitch with photoshop somewhere that I am not aware of? 

This is my last try in ditch effort in trying to resolve this issue here on forums. If I dont succeed I will call Apple and take it up with them.