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 dropped by hundreds of billions after weak earnings.
These selloffs followed Google’s poor earnings report, triggering doubts about Big Tech’s growth.
Tesla’s stock slid over 8% after its earnings release.
Alphabet’s shares fell nearly 5% in that trading window.
The decline affected broader tech benchmarks as anxiety grew across the sector.
The drop ended months of strong gains for top tech firms.