Tech stocks in the US 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 tumbled by hundreds of billions on weak earnings.
These selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock slid over 8% once the earnings were released.
Alphabet’s shares tumbled nearly 5% during that session.
The decline affected broader tech benchmarks as anxiety grew across the sector.
The drop brought to a close months of strong gains for top tech firms.