SwiftUI Preview Won't Load

Hi, I am starting a new project in SwiftUI and created a new project but the preview won't load. I have not touched the code, it is as the project was created by Xcode.
I am on the latest (non-beta) version of both Xcode and Mac OS. There are not any errors and the project runs successfully on physical devices but doesn't seem to run on simulators.
In the upper middle right of Xcode it says "Preparing iPhone Simulator for Previews" with a loading symbol. However it has been loading for over 12 hours at this point. I will provide a screenshot showing this and what the preview window looks like for me. I am not sure what I need to do to get the preview working. Thank you in advanced for any help and let me know if you need more information.

Hey, did you ever solve this problem? I've been trying all week and with no luck...

SwiftUI Preview Won't Load
 
 
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