Unable to open a specific PSD file

I've run into an issue opening a PSD file I previously worked on several months ago. Photoshop simply gets stuck on the "Preparing Smart Object" step and it takes a very long time to open a fairly simple file. The fans on the computer kick up doing this too, so I've never let it finish. However, the same file opens relatively fine on a laptop I have as well. It struggles a bit on the same step, but it doesn't get stuck at it.

I've already tried restarting the computer and updating GPU drivers, but the result is the same.

Here are some specs from the computers involved:

The Desktop (which I believe created the file back in June)

Adobe Photoshop Version: 27.2.0 20251213.r.15 e3408e7 x64 (final, Release)
Number of Launches: 566
Operating System: Windows 11 64-bit
Version: 11 or greater 10.0.22631.5909
System architecture: Intel CPU Family:6, Model:14, Stepping:13, AVX2, HyperThreading
Physical processor count: 8
Logical processor count: 16
Processor speed: 3600 MHz
Built-in memory: 65365 MB
Free memory: 41922 MB
Memory available to Photoshop: 51268 MB
Memory used by Photoshop: 70 %

======= GPU
Native API stable: True
OpenCL API stable: True
GPUDeny: 0
GPUForce: 0
useGPU: 1
useOpenCL: 1
isGPUCapable: 1
isGPUAllowed: 1
GPUName: NVIDIA Quadro P2200
GPUVendor: NVIDIA
NVIDIA Quadro P2200 UNKNOWN, NVIDIA
Intel(R) UHD Graphics 630 INTEL_UHD_GRAPHICS_630, INTEL
IsNativeGPUCapable: 1
IsOpenCLGPUCapable: 1
HasSufficientRAM: 1
GPU accessible RAM: 5,008 MB
Required GPU accessible RAM: 1,500 MB
UseGraphicsProcessorChecked: 1
UseOpenCLChecked: 1
Windows remote desktop: 0
Windows available feature level: 12.1
Windows required feature level: 12.0
Windows has required feature level: 1

The Laptop (a much newer system)

Adobe Photoshop Version: 27.2.0 20251213.r.15 e3408e7  x64 (final, Release)
Number of Launches: 60
Operating System: Windows 11 64-bit
Version: 11 or greater 10.0.26100.7462
System architecture: Intel CPU Family:6, Model:5, Stepping:2, AVX2, AVX-VNNI, HybridCPU(6:10)
Physical processor count: 16
Processor speed: 3686 MHz
Built-in memory: 32213 MB
Free memory: 20649 MB
Memory available to Photoshop: 24746 MB
Memory used by Photoshop: 70 %

======= GPU
Native API stable: True
OpenCL API stable: True
GPUDeny:               0
GPUForce:              0
useGPU:                1
useOpenCL:             1
isGPUCapable:          1
isGPUAllowed:          1
GPUName:               NVIDIA GeForce RTX 5060 Laptop GPU
GPUVendor:             NVIDIA
NVIDIA GeForce RTX 5060 Laptop GPU  UNKNOWN, NVIDIA
Intel(R) Arc(TM) 140T GPU (16GB)  UNKNOWN, INTEL
IsNativeGPUCapable:    1
IsOpenCLGPUCapable:    1
HasSufficientRAM:      1
  GPU accessible RAM:                 7,951 MB
  Required GPU accessible RAM:        1,500 MB
UseGraphicsProcessorChecked:   1
UseOpenCLChecked:              1
Windows remote desktop:  0
Windows available feature level:     12.2
Windows required feature level:      12.0
Windows has required feature level:  1

I can provide the file privately, if necessary. Just not sure why this is happening and what could be done to prevent it. In the meantime, I could just export the flattened layers I need from the computer that can actually open the file so I can continue my work.