Rendering an empty item model with oversized_in_gui causes a crash

Create the following file in a resource pack:

assets/namespace/items/test.json

{
    "oversized_in_gui": true,
    "model": {
        "type": "empty"
    }
}

Run the following command to obtain the item:

/give @s clock[item_model="namespace:test"]

The game crashes:

java.lang.IllegalArgumentException: mipLevels must be at most 0 for a texture of width -2 and height -2 (asked for 1 mipLevels)
	at com.mojang.blaze3d.systems.GpuDevice.verifyTextureCreationArgs(GpuDevice.java:64)
	at com.mojang.blaze3d.systems.GpuDevice.createTexture(GpuDevice.java:47)
	at net.minecraft.client.gui.render.pip.PictureInPictureRenderer.prepareTexturesAndProjection(PictureInPictureRenderer.java:95)
	at net.minecraft.client.gui.render.pip.PictureInPictureRenderer.prepare(PictureInPictureRenderer.java:47)
	at net.minecraft.client.gui.render.GuiRenderer.lambda$prepareItemElements$1(GuiRenderer.java:347)
	at net.minecraft.client.renderer.state.gui.GuiRenderState.lambda$forEachItem$0(GuiRenderState.java:185)
	at net.minecraft.client.renderer.state.gui.GuiRenderState.traverse(GuiRenderState.java:246)
	at net.minecraft.client.renderer.state.gui.GuiRenderState.traverse(GuiRenderState.java:248)
	at net.minecraft.client.renderer.state.gui.GuiRenderState.traverse(GuiRenderState.java:248)
	at net.minecraft.client.renderer.state.gui.GuiRenderState.traverse(GuiRenderState.java:241)
	at net.minecraft.client.renderer.state.gui.GuiRenderState.forEachItem(GuiRenderState.java:181)
	at net.minecraft.client.gui.render.GuiRenderer.prepareItemElements(GuiRenderer.java:340)
	at net.minecraft.client.gui.render.GuiRenderer.prepare(GuiRenderer.java:204)
	at net.minecraft.client.gui.render.GuiRenderer.render(GuiRenderer.java:165)
	at net.minecraft.client.renderer.GameRenderer.render(GameRenderer.java:464)
	at net.minecraft.client.Minecraft.renderFrame(Minecraft.java:1432)
	at net.minecraft.client.Minecraft.runTick(Minecraft.java:1377)
	at net.minecraft.client.Minecraft.run(Minecraft.java:990)
	at net.minecraft.client.main.Main.main(Main.java:248)