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International Business Machines Corp.

Tech Stocks That Have Bounced Back from the Dot-Com Crash

Strategic Insights

— 2 min read

The Nasdaq Composite crossed 5000 for the first time in nearly 15 years, a significant milestone after the dot-com bubble burst in 2000. The current uptrend has been driven by companies that were private during the last Nasdaq high, including Google, Facebook, and Apple, which was a struggling maker of Mac computers during the dot-com era. Many tech stocks have yet to surpass their dot-com highs, but some have clawed their way back to glory.

Key Takeaways:

  • Priceline ([STOCK[NASDAQ:PCLN]]) peaked at 989 in April 1999 and surpassed its dot-com high in August 2013, reaching a new high of 1378 in March 2014.
  • Amazon.com ([STOCK[NASDAQ:AMZN]]) peaked at 113 in December 1999 and surpassed that price in October 2009, reaching a new high of 408.06 in January 2014.
  • Adobe Systems ([STOCK[NASDAQ:ADBE]]) peaked at 43.66 in November 2000 and surpassed that high in March 2007, hitting a record high of 80.30 last week.
  • ASML ([STOCK[NASDAQ:ASML]]) hit a high of 58.70 in March 2000 and didn't surpass that level until July 2012, reaching a record high of 110.85 last week.
  • Intuit ([STOCK[NASDAQ:INTU]]) peaked at 45 in January 2000 and didn't recover from the dot-com bust until September 2010, when it cleared a new high and kept running, hitting a record high of 98.69 on Monday.
  • IBM ([STOCK[NYSE:IBM]]) hit a dot-com high of 139.19 in July 1999 and didn't dig its way out of that hole until October 2010, when it cleared its old high, reaching a record high of 215.90 in March 2013.
  • ARM ([STOCK[NASDAQ:ARMH]]) hit a high of 50 in February 2000 and wouldn't eclipse that mark until May 2013, hitting a record high of 55.26 in December 2013.
  • EBay ([STOCK[NASDAQ:EBAY]]) peaked at 31.88 in March 2000 and cleared its dot-com high in December 2003, hitting an all-time high of 59.70 in February 2014.
  • Oracle ([STOCK[NYSE:ORCL]]) peaked at 46.47 in September 2000 and slid to as low as 7.25 in June 2002 before beginning its recovery, passing its dot-com era high in December 2014.
  • SanDisk ([STOCK[NASDAQ:SNDK]]) spiked to a high of 84.81 in March 2000 and wouldn't see that price level again until April 2014, reaching a record high of 108.77 last July.

Statistics:

  • The Nasdaq Composite index hit an all-time high of 5132.50 on March 10, 2000.
  • The index lost half its value within a year and hit bottom on Oct. 10, 2002, at 1108.40.
  • The current Nasdaq Composite value is above 5000.
  • Google ([STOCK[NASDAQ:GOOGL]]) was private during the last Nasdaq high.
  • Facebook ([STOCK[NASDAQ:FB]]) was private during the last Nasdaq high.
  • Apple ([STOCK[NASDAQ:AAPL]]) was a struggling maker of Mac computers during the dot-com era.
  • Priceline ([STOCK[NASDAQ:PCLN]]) peaked at 989 in April 1999 and surpassed its dot-com high in August 2013.
  • Amazon.com ([STOCK[NASDAQ:AMZN]]) peaked at 113 in December 1999 and surpassed that price in October 2009.

Sources:

  • [STOCK[NASDAQ:PCLN]]
  • [STOCK[NASDAQ:AMZN]]
  • [STOCK[NASDAQ:ADBE]]
  • [STOCK[NASDAQ:ASML]]
  • [STOCK[NASDAQ:INTU]]
  • [STOCK[NYSE:IBM]]
  • [STOCK[NASDAQ:ARMH]]
  • [STOCK[NASDAQ:EBAY]]
  • [STOCK[NYSE:ORCL]]
  • [STOCK[NASDAQ:SNDK]]
  • "Bye Bye Bye" by NSYNC
  • Investor's Business Daily, Inc.

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