I should also mention that xcrun metalib fails with xcrun: error: sh -c '/Applications/Xcode.app/Contents/Developer/usr/bin/xcodebuild -sdk /Applications/Xcode.app/Contents/Developer/Platforms/MacOSX.platform/Developer/SDKs/MacOSX.sdk -find metalib 2> /dev/null' failed with exit code 17664: (null) (errno=No such file or directory) xcrun: error: unable to find utility "metalib", not a developer tool or in PATH. I do have the component installed in Xcode

The issue got marked as resolved, stating that the toolkit should be manually downloded, despite me having it installed and it still not working. -_-

The issue seems to be resolved in Xcode 26.0.1, at least for me.