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 due to weak earnings.
These selloffs followed Google’s poor earnings report, sparking worries about Big Tech’s growth.
Tesla’s stock slid over 8% following the earnings release.
Alphabet’s shares tumbled nearly 5% in that trading window.
The decline hit broader tech benchmarks as concerns widened across the sector.
The drop ended months of strong gains for top tech firms.