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You haven't mentioned what version of Photoshop you're using, but if it's version 23.4, Adobe recommends reverting back to version 23.3.2
Edit: Adobe just released version 23.4.1
Does this happen on all images you open in Photoshop?
Does it also happen when you make a new document?
Actually, an update: you should try updating to the fix for what appears to be the issue:
If that doesn't fly, try disabling GPU in preferences; any better?