Check your settings in the advanced tab.
Tick [x] Multicore DSP. Try with both Cuda offload fully ticked (like on my picture) and unticked. Both are tri-state checkboxes. Ticked is like on my picture.
HQPlayer users usually use higher performance graphic cards. If the GPU is slower than the algoirithms running on CPU expect, CPU then needs to wait for GPU. Therefore I suggested to try two different CUDA offload settings.
For CUDA offload really to work you need to have the latest nVidia drivers installed for your card. If CUDA offload works, after starting playback you see for few seconds on HQPlayer Desktop status line (bottom line) such a message:
Important is the 1st part resampler=enabled.
Then,
set DSP pipelines to 8 (like on my picture) to lower RAM usage.
If that wouldn't help, maybe your CPU clock is not enough high. What is your CPU exact model? i7 doesn't tell much since many i7 generations exist.
I'm assuming you are running Windows...