Same issues. In my case, it's clearly a graphics driver issue. on Dell G16, RTX 4070 Notebook.
After 24H2 install, complete trainwreck with Intel firmware and graphics. After installing those, external 32 inch 4k external via USBC/Display Port starts blinking black and then back on every 10 seconds or so.
Rolled back Nvidia driver several versions to Dell compatible version. Seem to fix the problem for the rest of the session.
Logged out and back in and problem reappeared. Machine hang after both screens went dark trying to install Nvidia driver update. Had to hard reboot.
Disconnected external monitor and rebooted.
Ran Nvidia update to latest driver and plugged external back in. Seems to be working.
For now.
**UPDATE** Problem reappeared after reboot. After troubleshooting this for four hours, in my case, it is 100% from Nvidia drivers. Uninstalled with DDU and laptop screen worked fine, everything good, no external monitor connected. Since Windows auto installs the driver for Nvidia since the graphics card is present, everything goes off the rails after that. Black laptop screen. External monitor works but at Intel UHD resolution (not 4k). Blinks black on an off randomly. Updating to latest Nvidia drivers don't help. What a total trainwreck. Cannot believe this is a problem with two huge companies in 2025.
**UPDATE 2** Narrowed this down even further to the connection of an external monitor using Display Port to USBC cable. Uninstalled Nvidia driver with DDU again and rebooted. Everything works as expected until I add external monitor. I can add the external monitor via HDMI. Unfortunately, on my laptop, the Nvidia graphics only run through USBC port so the 4k resolution is not supported. Also, you cannot expand desktop to both monitors, only duplicate. If I add the monitor through the USCB on my laptop, the laptop screen goes black and is unusable, the external monitor displays the desktop at 4k but is twitchy and blinks on and off randomly every 15-20 seconds.
**FINAL UPDATE** In my case (Nvidia RTX Laptop with external 4k HDR monitor), the issue is with Display Settings > Extend these displays. It doesn't work. The fix (in my case), select external 4k monitor (#2, main monitor) and select Show only on 2.
You won't be able to use the laptop screen as a second monitor because it goes dark but all of the black blinking issues and stuttering disappear, even when using latest Nvidia drivers and Display Port to USBC cable.