Check setup - F2 at powerup.  Which GPU is set as the primary one?  You likely need the nVidia GPU set to primary in order for the Rift to work -- otherwise, the Intel GPU is primary, which is not what the Rift needs.

I have tried that and it does not work.

Hi @AlienHunter1980  please run the Oculus Rift Compatibility Tool Here. Update to get the most recent version. 

The Oculus Rift Compatibility Tool is an executable file that is downloaded onto your computer. This file will perform all the necessary checks and let you know if your computer meets the recommended system specifications and suggest potential upgrades, if needed. 

Please note that the Compatibility Tool will only work on computers operating on Windows OS. 

Aurora R12, Oculus VR problems - Dell Community  @mako64 says maybe you need a USB type A to USB type C adaptor or a USB type C hub. Most VR use USB 3.2 Gen 2 Type-C. 

Aurora R6 Setup and Specifications | Dell US Setting up the Virtual Reality (VR) headset

Connecting the Oculus Rift VR Headset to Alienware

Cannot believe that a RTX 3070 and an i7 11800 CPU is not compatible.

What is going on?