Go to Computer Management → System Tools → Performance → Data Collector Sets → Event Trace Sessions. In this list, find HolographicShell, right click, and choose ‘Stop’.
You have to do this every time you start up the sim.
I am on the latest regular release, and latest Nvidia drivers. Can confirm there it is definitely not fixed. I am not on any insider pre-release builds
Well, the performance tanking is either a Windows or Nvidia or MSFS bug, as long as HolographicShell is running. Thus, it should be categorized as a bug and resolved between the three involved parties, like any good tech companies practice.
This has been open for way too long already, and does not seem to get the required attention as it renders the game unplayable for a large amount of customers.