xcode14.1.RC2 with WatchOS 9.2beta 20S5331e having the same issue with the new Apple Watch Ultra.

Xcode 14.1RC2, watchOS 9.2 build 20S5331e same problem for several days now. Still stuck unable to build

Not working either - Xcode 14.1.RC.2, watchOS 9.2 20S5331e