What was the name of the 2000–2002 collapse in technology-stock prices?

The 2000–2002 collapse in technology-stock prices was known as the dot-com crash.

During the late 1990s, investors poured money into internet companies, many of which had little revenue or no profits. The rapid spread of the World Wide Web encouraged expectations that online businesses would transform commerce almost immediately. New companies often reached high valuations after initial public offerings.

The Nasdaq Composite reached an intraday peak of 5,132.52 on 10 March 2000. As investors began demanding evidence of sustainable earnings, many internet shares fell dramatically. The Federal Reserve’s interest-rate increases from 1999 to 2000 also contributed to a less favorable environment for speculative growth stocks.

The Nasdaq continued falling until October 2002 and lost roughly 78% from its peak. The crash did not destroy every technology company: firms such as Amazon and eBay survived and later expanded. A key distinction is that the bubble involved internet-related stocks, while the broader economic recession had additional causes.