How do you search and highlight a specific word within a cell?

Is there a way to search within a cell that contains a large amount of data and only highlight a specific word? I know you can use the conditional formatting function to highlight a whole cell that contains a certain word, but I don't need the whole cell highlighted.

I just need a specific word highlighted when I search for it within a specific cell, like when you are using Word, or if you are using the CTRL-F function on a website and you can search for a word and the screen will just highlight the specific word you are searching for.

Is this possible? If so can you please provide a step by step solution for this?

Thanks.