The issue could be related to USB bandwidth and will likely solve your connection issue. Should this not fix your problem, try reinstalling the Oculus Rift’s software.

How to fix Oculus Rift S Touch tracking issues Touch tracking issues on the Oculus Rift S seem to be tied in with the new Passthrough+ system not working properly.

Following reported issues with Oculus VR headsets following a Nvidia driver update, a new version of the Oculus software has been released.