Stuttering / Frame Drops

Been playing WT for a long while but have noticed that the stuttering / frame issues have been getting consistently worse. It has gotten to the point where the game is lagging out and audio cutting out for seconds at a time in game making it borderline unplayable. Have tried reinstalling the game, clearing the cache, updating graphics drivers, changing settings but nothing has helped. Any suggestions?

PC Specs:
RTX 4070
Samsung 970 EVO Plus M.2 SSD
DDR4 4600MHZ 32GB

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