Navigation in Bridge 11.0.2 extremely slow

Using the arrows to navigate in Bridge has become intolerably slow for me. It takes 2 full seconds to transition to the next image regardless of the image size. It strange that clicking on images with the mouse brings up the preview almost instantaneously. The menus are also very unresponsive. It takes more than 2 seconds for the menus to drop down first time I click on them (or hit Alt + F). Then they drop down just fine until I click on an image. Going back to the menu gives the same delay.

Photoshop works just fine. This problem is isolated to Bridge. Has anyone else experienced this type of unresponsiveness?

I’ve tried changing my preferences to “Use Software Rendering” but this did not help. “Keep 100% Previews In Cache” is checked.
I'm running Windows 10 (20H2). System has 64GB RAM, Xeon E5-2687W v4 @ 3.00 GHz and plenty of space on the SSD.