This has been reported by multiple people with both NVidia and AMD GPUs: with DaVinci Resolve 20.3.2 (for me it’s Studio version), audio output fails (not a file issue), and the KDE Plasma audio settings (both taskbar widget and settings page) are flickering extremely quickly (maybe 10-15Hz).
Weirdly enough, plugging in a microphone to the PC fixes the issue immediately (flickering is gone, and Resolve audio plays fine).
Based on other distro discussion, this doesn’t occur on Nobara latest version, so it seems to be CachyOS specific.
My paste log: https://paste.cachyos.org/p/9b7812d.log
Other person experiencing the issue (and who found the mic workaround)