I discovered this in a project I had been working on, but was able to reproduce the issue using a simple scene, which is attached (displacement_issue.zip).

The scene consists of a plane sized to 900% with a displacement map. The displacement map is a noise image, tiled 10 times.

Other settings: Tessellation Level and Multiplier 10.

I have added a cone to indicate the center (0, 0, 0).

In the scene, the plane is rotated, which then results in "wobbling" in Preview. This is also present when rendering in Preview, but not in Final render.

Here is a link to the Preview render: https://www.youtube.com/watch?v=I2HK3nhyugI .

My card is an NVidia GTX 1080. The driver is 385.41. I've tried later drivers, but had to revert because of stability issues in 7.02.