Which technology-driven market bubble burst in the United States in 2000?

The technology-driven market bubble that burst in the United States in 2000 was the dot-com bubble.

During the late 1990s, investors poured money into internet companies and other technology businesses. Many firms had little revenue or no profits, yet their valuations rose rapidly because investors expected the internet to transform commerce. Companies often added “.com” to their names or built their business around online growth as a way to attract capital.

The Nasdaq Composite reached a closing peak of 5,048.62 on March 10, 2000. After confidence weakened, technology shares fell sharply. The downturn reduced the value of many companies, led to numerous business failures and contributed to a recession in the United States, although internet technology itself continued to develop.

The dot-com bubble is not the same as the 2008 housing bubble. The former centered on technology equities and speculative expectations about online companies; the latter involved real estate, mortgages, securitized debt and the banking system.