What was the name of the 2000–2002 crash in technology shares?

The 2000–2002 crash in technology shares is commonly called the dot-com crash.

It followed the dot-com bubble, when investors placed exceptionally high valuations on internet and technology companies. Many firms had little revenue or no profits, yet their shares rose sharply amid optimism about online commerce and the new digital economy.

The Nasdaq Composite reached an intraday peak of 5,132.52 on March 10, 2000. It then fell dramatically as investors reassessed company prospects, interest rates rose, and numerous businesses failed or sharply reduced their valuations.

The crash did not eliminate the internet economy. Companies with durable business models survived or later expanded, while many speculative start-ups disappeared. The term dot-com crash refers especially to the collapse in technology shares, whereas the dot-com bubble describes the preceding period of excessive valuation.