This happens after using 3.4.1 for < 15 mins. Reverting, saving, exiting, and reopening fixes it for a short time.
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Sounds like this bug: Incorrect clip positioning when applying Nyquist effects · Issue #5573 · audacity/audacity · GitHub
Bug Report: Applying noise reduction to a clip repositions the clip right.
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Create vocal clip, normalize loudness.
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Highlight clip and apply noise reduction. Clip will be moved right and appears corrupt.
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Exit Audacity 3.4.1, reopen project, highlight same clip and apply noise reduction. Correct result (noise reduced, clip stays in same place) will occur.