Can you point where is the AI bubble on this comparison chart?

https://preview.redd.it/o2v00xkz9xrh1.png?width=2526&format=png&auto=webp&s=e99ea27ed0dfd115b8238a889f3d5fe0851f6ea3 Where is the AI bubble on this NASDAQ 100 vs. S&P 500 chart?

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