Tech stocks in the United States lost $797 billion total 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 after weak earnings.
The selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock fell over 8% following the earnings release.
Alphabet’s shares tumbled nearly 5% in that trading window.
The decline affected broader tech benchmarks as concerns widened across the sector.
The drop ended months of strong gains for top tech firms.