Tech stocks across the United States lost $797 billion in market value on July 24, 2026.
This marked the worst single‑day drop for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values slid by hundreds of billions due to weak earnings.
These selloffs followed Google’s poor earnings report, triggering doubts about Big Tech’s growth.
Tesla’s stock fell over 8% following the earnings release.
Alphabet’s shares slid nearly 5% in that trading window.
The decline impacted broader tech benchmarks as worries spread across the sector.
The drop halted months of strong gains for top tech firms.