Invalid return value in simple jest test

I am testing a view for Home component for React Native 0.68.2/jest 29.0. The simple test case is copied from jest doc:

import React from 'react';
import { NavigationContainer } from '@react-navigation/native';
import { render, cleanup, screen, fireEvent } from "@testing-library/react-native";
import App from '../App';

describe ('App ', () => {
    //afterEach(cleanup);
    test ('shall stack screens', async () => {
        const component = (<NavigationContainer>
                             <App />
                            </NavigationContainer>);
        const {getByText} = render(component);

        await waitFor(() => getByText('AppSplash'));
        

    })
})

Here is the App.js:

 import React, {useState, useContext, Component} from 'react';
 import { NavigationContainer } from '@react-navigation/native';
 import { createStackNavigator } from '@react-navigation/stack';
 import { SafeAreaProvider } from 'react-native-safe-area-context';
 import SplashScreen from './src/components/splashscreen/SplashScreen';
 import SysError from './src/components/app/SysError';
 import Bye from "./src/components/app/Bye";
 import Verif1 from './src/components/signup/Verif1';
 import Signup from './src/components/signup/Signup';
 import TermCondition from './src/components/common/TermCondition';
 import AppScreen from "./src/components/app/AppScreen";

 
 const Stack = createStackNavigator();
 
 export default function App() {
   return (
    
     <SafeAreaProvider>
       <NavigationContainer>
         <Stack.Navigator InitialRouteName="AppSplash">
          <Stack.Screen name="AppSplash" component={SplashScreen} options={{headerShown:false}}/>
           <Stack.Screen name="AppSysError" component={SysError} options={{headerShown:false}} />
           <Stack.Screen name="AppScreen" component={AppScreen} options={{headerShown:false}} />
           <Stack.Screen name="AppVerif1" component={Verif1} options={{headerShown:false}} />
           <Stack.Screen name="AppSignup" component={Signup} options={{headerShown:false}} />
           <Stack.Screen name="TermCondition" component={TermCondition} options={{headerShown:false}} />
           <Stack.Screen name="Bye" component={Bye} options={{headerShown:false}} />
         </Stack.Navigator>
       </NavigationContainer>
     </SafeAreaProvider>
     
   );
 };

Here is the output of yarn jest.

● Invalid return value:
      `process()` or/and `processAsync()` method of code transformer found at 
      "/Users/macair/Documents/code/js/xyz_app6/node_modules/react-native/jest/assetFileTransformer.js" 
      should return an object or a Promise resolving to an object. The object 
      must have `code` property with a string of processed code.
      This error may be caused by a breaking change in Jest 28:
      https://jestjs.io/docs/upgrading-to-jest28#transformer
      Code Transformation Documentation:
      https://jestjs.io/docs/code-transformation

I just started using jest and none of solutions found this error works.