In March 1995, Moe suffered a right knee injury at Kvitfjell, on the same race course on which he won his Olympic medals thirteen months earlier. Following his recovery, he never regained his top form, and missed the World Championships in 1997 after a fluke thumb injury in late January required surgery. He returned in March and won the downhill at the U.S. Alpine Championships in Maine. Moe made his third U.S. Olympic team in 1998 at Nagano, and finished eighth in the super-G and twelfth in the downhill at Hakuba. He retired from competitive ski racing that June at age 28.