I experience the same issue and I also use Intel 12th gen CPU ( i7-12700H)
5.17 works fine and i do not see any logs during boot, it instantly loads the DE.
When I switch to kernel version 5.18.7-1 or 5.19rc4-1 the logs appear instantly on boot.
After around 25 seconds, the boot process freezes for about 1 minute and then the screen turns black with a single frozen CLI cursor.
It seems that your system stops booting at different stages but also at the same time (around 7 to 8 seconds) - as my system does.
I think therefore, that this is the same bug.
It’s quite unfortunate that these 2 Kernel versions wont’t work because the should include Intels Thread Director which would improve performance on intel 12th gen