What term describes the collapse of technology-stock valuations from 2000 to 2002?

The collapse of technology-stock valuations from 2000 to 2002 is known as the dot-com bubble burst.

During the late 1990s, investors placed extraordinary value on internet companies and other technology businesses. Many firms had attractive websites and ambitious growth plans but little revenue or no profits. Easy access to capital and enthusiasm about a new digital economy helped push technology shares to extreme valuations.

The Nasdaq Composite reached a peak on March 10, 2000. As investors began demanding stronger financial results, many internet companies failed to meet expectations. The index then fell dramatically through 2002, and numerous startups closed or were acquired.

The crash did not mean the internet was unimportant. Companies such as Amazon survived and eventually grew, while the episode exposed the difference between technological potential and a sustainable business model. The dot-com collapse is distinct from the later housing and credit crisis of 2007–2009.