Update 1:
Updated the latest working solution to @Jeevan Rupacha answer, please scroll below to check it out.
I have been encountering this error on every single new Next.js project that I create. The page can be compiled without any problem, it just keeps on showing as error on the first line in every js file.
Parsing error: Cannot find module 'next/babel' Require stack:
- D:\app\next_app\ratu-seo\node_modules\next\dist\compiled\babel\bundle.js
- D:\app\next_app\ratu-seo\node_modules\next\dist\compiled\babel\eslint-parser.js
- D:\app\next_app\ratu-seo\node_modules\eslint-config-next\parser.js
- D:\app\next_app\ratu-seo\node_modules@eslint\eslintrc\lib\config-array-factory.js
- D:\app\next_app\ratu-seo\node_modules@eslint\eslintrc\lib\index.js
- D:\app\next_app\ratu-seo\node_modules\eslint\lib\cli-engine\cli-engine.js
- D:\app\next_app\ratu-seo\node_modules\eslint\lib\cli-engine\index.js
- D:\app\next_app\ratu-seo\node_modules\eslint\lib\api.js
- c:\Users\Admin.vscode\extensions\dbaeumer.vscode-eslint-2.1.23\server\out\eslintServer.js