GPU Acceleration causes performance issue [Premiere Pro 14.0.1] in [Win10 pro]

Hello all. I've been running into this problem a lot ever since updating to PP2020. I'll be editing a video and then for some reason, both in my preview monitor and program monitor, my screens will turn black and not render any of the video. My render bars will all turn red and I am unable to edit footage. When I go into Project Settings > General > Renderer and change it from the GPU Acceleration (CUDA) tot eh Mercury Playback Engine Software Only, then my video works. However, this renderer is very slow and it's impacting my workflow and turnaround time greatly.

Here are my specs:

• Adobe Premiere Pro Version 14.0.1 (Build 71)
• OS Name Microsoft Windows 10 Pro
  Version 10.0.17763 Build 17763
• No Error text, just performance
• Not entirely sure what causes it to happen
• Processor Intel(R) Core(TM) i9-9900K CPU @ 3.60GHz, 3600 Mhz, 8 Core(s), 16 Logical Processor(s)
• GPU: Name NVIDIA GeForce RTX 2080 Ti x2
• 32gb RAM

Title edited by mod