Tech stocks in 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 dropped by hundreds of billions on weak earnings.
These selloffs followed Google’s poor earnings report, triggering doubts about Big Tech’s growth.
Tesla’s stock fell over 8% after its earnings release.
Alphabet’s shares fell nearly 5% during that session.
The decline hit broader tech benchmarks as concerns widened across the sector.
The drop halted months of strong gains for top tech firms.