MacOS Monterey 12.7.3 doesn't boot, gets stuck on this screen

https://preview.redd.it/xxqnnsnulq7d1.jpg?width=1200&format=pjpg&auto=webp&s=708fa1b393063bb80a23ef42fa245943bdfab723

Specs:

i5 12400F

Pulse RX 6700 XT

MSI B760 Gaming Plus Wi-Fi(AX211)

16 GB DDR5