My outer worlds on ps5 has a frequent graphical bug of colorful orbs at the edge of the screen where the characters arm is .I have tested this on 2 ps5s and it is present on both consoles . I do not think my console is defective because this is the only game out of about 30 games i have played on the ps5 that does this.
https://youtu.be/HMxfZKsP8GU