On a dual monitor setup with various palettes open on that monitor, clicking or moving those palettes hides Photoshop. I'm on a Mac Studio running Sonoma 14.1
I tried deselecting "Displays have Separate Spaces" and assigning Photoshop to "All Desktops" and to "None." The problem still persisted. I do prefer keeping the separate spaces deselected, though. So thanks. I updated to Sonoma 14.1.1 and that did the trick. Thanks, Kevin and Trevor for your help!