Does Cubase always have spinning wheels on macOS 12.3?

As the title goes, new setup is a 2019 Mac Pro 16 core 128g memory. The composition template is in my old garbage can Mac Pro. Although it runs a little slower than the new Mac Pro, it doesn’t hang, but I always get the spinning wheel on the new one!! It greatly affects efficiency!

1: Is there a problem with my Cubase settings?
2: Is it the plug-in voices that will cause freezes?
3: Is there a problem with the new Mac Pro? How to detect?

Note: This user is using Chinese to English machine translation. I have edited his post to try to make it easier to understand.