Sound buffering issue in macOS Montere

Hi Everyone,
I’ve installed Cubase 12 Pro. on macOS Monterey. I’ve tried PreSenous Sound box and the M-Audo M-Track x 2 as well but getting the same issue. When I play any audio or an Instrument the sound plays and then goes off in 3 to 5 sec. When I connect a headphone/hands free directly to MacBook it works smooth.

Any suggestion or solution?

Please advise.