Yesterday my kid wanted to see a video of volcanos on YouTube, followed a really bright picture of My Little Ponys, the monitor managed to start flickering and retain a shadow image of the little ponies, even as I switched between laptops and power cycled the monitor. This only happens on USB-C input, but seeing as the monitor have an Ethernet adaptor and works as a USB hub, USB-C is pretty much the reason I got it.
Notes: It happens really rarely, and exclusively with the M1 MacBook Air. It might be a firmware update away from being fixed. Also Dells has an excellent return policy.
[0] https://i.dell.com/is/image/DellContent/content/dam/ss2/prod...
I assume that the upgraded version U2723QE should be only better, with the possible exception of firmware bugs like what was mentioned by the other poster.