Hello, Can anyone figure this out?

Hello, Can anyone figure this out? I recently purchased an AMD Radeon RX 7900 XTX. After installing my UE5 project was filled with brilliant balls of light covering everything. I turned off Raytraced Shadows which resolved the problem. Im not happy with this fix but for now it will do…would love to use Raytraced Shadows though. Please take a look at the attachment image. Why is my material preview like this? I turned off virtual textures with no effect. Your help will be appreciated.

I’m going to ask something stupid here… Do you still have glowing balls when you set the tiling to 1?

image