Definitely not a bubble.

This looks like all those inflation numbers were too low.

Guess where all that COVID stimulus money ended up.

Apple almost went bankrupt in 1997 when Jobs came back. It had to take a $150M investment from Microsoft to keep afloat.

https://www.xda-developers.com/27-years-ago-microsoft-bought-150-million-worth-of-apple-stock-after-the-company-almost-went-bankrupt/