Audio Rendering in Premiere 2022/2023 takes forever - progress bar gives no indicator of time.

I'm working on multicam sequences in Premiere Pro 2022/2023 (just updated but had problems with both versions) On a MacBookPro 16" 32 Gigs Ram M1 Max. Often my waveforms will disappear in the multicam so I go to Render --> Audio. The rendering progress screen pops up and stays frozen, no progress bar moves forward, no indication of amonut of time for it to render. If I leave it for a long time like ten minutes or more then the audio will render, waveforms suddenly appear. Why does this take so long? The piece I'm cutting is a relatively simple 4 camera interview with one master .wav for the whole interview, I am adding and taking away some effects from the main .wav file in the sync sequence as I try and get best audio for the project but its insanely frustrating to not be able to see waveforms or to have to wait an undeteremined amount of time to see waveforms. This is a new computer so I feel like something else is wrong with Premiere, it shouldnt take this long to get audio rendered.