Steps to reproduce

Open procmon and filter only syscall made by pwsh.exe,

cd C:/a/directory/with/lots/of/files
cd <tab>

Notice how pwsh.exe attempts to list all the files in C:/, then C:/a, then C:/directory, etc, for every directory present in C:/a/directory/with/lots/of/files. Assuming this is a pretty large directory, tab completion could take a very long time.

Screenshot of procmon:

I have a feeling #12795 might be related to this issue.

Expected behavior

pwsh.exe should only be listing files/directory once in CWD to do the tab completion. This doesn't reproduce with PowerShell 5.1.

Screenshot of procmon:

Environment data

% $PSVersionTable

Name                           Value
----                           -----
PSVersion                      7.0.3
PSEdition                      Core
GitCommitId                    7.0.3
OS                             Microsoft Windows 10.0.19041
Platform                       Win32NT
PSCompatibleVersions           {1.0, 2.0, 3.0, 4.0…}
PSRemotingProtocolVersion      2.3
SerializationVersion           1.1.0.1
WSManStackVersion              3.0