I have the same Problem, unfortunately it is "Preparing iPhone Simulator for Previews" like forever. There is no error and therefore there is no way to clik a "Diagnostics" button... Is there an alternative way?

I am using iOS 17.3.1

After trying a little bit around, I think it is because OneDrive does not have its file locally, hence the error "no such file or directory". If in OneDrive I mark the file as "keep offline available", then it works. So the question would now rather be: How can I detect such a linked file, and is there a possiblity to download the file located in OneDrive first from UIDocumentPickerViewController?