Table 1

Complete drawdown events in the US AI and Technology sector (2005–2025)

EventStart dateAnchor dateDurationMagnitude
PC Cycle Downturn2006-01-112006-07-14184−21.03%
Global Financial Crisis Cluster (Onset: 2007-11-06)
GFC: Acute Crisis Phase2007-11-062008-11-20380−53.86%
GFC: Prolonged Recovery Decline2007-11-062010-02-04821−14.31%
Flash Crash Aftermath Cluster (Onset: 2010-04-22)
Flash Crash: Short-Term Trough2010-04-222010-06-0948−14.95%
Flash Crash: Medium-Term Trough2010-04-222010-07-0271−18.41%
Flash Crash: Extended Decline2010-04-222010-08-31131−16.87%
US Debt Ceiling and Credit Downgrade2011-07-262011-08-1924−15.93%
European Sovereign Debt Crisis2012-09-192012-11-1557−14.45%
Oil Collapse and Emerging Market Stress2015-12-042016-02-0967−16.89%
Fed Rate Hiking Cycle2018-10-012018-12-2484−26.43%
COVID-19 Pandemic Shock2020-02-192020-03-1626−27.71%
Profit-Taking After V-Recovery2020-09-022020-09-2321−13.52%
Fed Tightening Cycle Cluster (Onset: 2021-12-27)
Tightening: Sharp Selloff2021-12-272022-01-2529−15.56%
Tightening: Extended Decline2021-12-272022-03-1477−21.34%
Tightening: Recovery-Phase Bottom2021-12-272022-11-03311−40.08%
Yen Carry Trade Unwinding2024-07-102024-08-0728−16.42%
AI Bubble and DeepSeek Competition2024-12-242025-04-08105−26.53%

Note(s): Magnitudes represent peak-to-trough declines. Events sharing identical start dates represent multiple anchor depths from protracted declines

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