Thanks for the response! So, I actually had just tried that before you suggested it and it didn't work, but I did fix the issue! I had to go into advanced settings, change drawing mode from "advanced" to "basic", clicked ok and then unchecked "use graphics processor" — this fixed the issue. Any idea why that would have fixed it? The other issue I have is, the same thing is happening in Illustrator. Opened files and new documents are blank (no workspace). The preferences are obviously different, so I'm now trying to resolve that. Thanks again!
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Photoshop can be a bit problematic when it comes to GPU's at times, the only thing I can suggest is updating the Intel drivers from here
For Illustrator try disabling GPU performance in preferences see if that helps
I have a Intel 520 Laptop and don't have any issues with the on-board GPU
This worked for me. Thanks so much.