Laas.
Can you check at the camera the "Clip near:" value if it´s set to default "0,05". If it´s set to "0" it´s a bug that Martin already fixed - but not uploade
Right, with my MBP 13 M1 it looks similar...Mmmh - I have another default material - but it´s looking "normal" here on my M1/Mac/BigSur:
View attachment 39045
BUT if I open that in my iMac 2013 (Catalina 10.15.7) it looks like this: