I’ve just encountered this problem.
I resetted all the KDE configs but the issue was still the same.
Found out that it was this line in /etc/X11/mhwd.d/nvidia.conf that was the cause:
In the Section “Screen” (I have 2 monitors)
Option "metamodes" "DP-4: nvidia-auto-select +0+0 {ForceCompositionPipeline=On, ForceFullCompositionPipeline=On}, HDMI-0: nvidia-auto-select +2560+0 {rotation=left, ForceCompositionPipeline=On, ForceFullCompositionPipeline=On}"
ForceCompositionPipeline and ForceFullCompositionPipeline are the culprits it seems.
Removing this line and rebooting solved the problem.