The market crash following the 2000 burst of technology-stock speculation was the Dot-com crash.
The crash followed years of enthusiasm for internet companies and other technology businesses. Many firms had little revenue or no profits, yet their shares reached very high valuations because investors expected rapid future growth. The Nasdaq Composite, heavily weighted toward technology companies, became the most visible market measure of the boom and its collapse.
The Nasdaq reached an intraday peak of 5,132.52 on March 10, 2000, then fell sharply over the following years. Some companies failed, while others survived and later became major businesses. The crash is often confused with the 2008 financial crisis because both caused broad equity losses, but their immediate causes differed: the Dot-com crash centered on technology valuations, whereas the 2008 crisis centered on housing finance, credit, and financial institutions.