Tech stocks in the US lost $797 billion overall 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 on weak earnings.
The market selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock dropped over 8% following the earnings release.
Alphabet’s shares slid nearly 5% in the same session.
The decline hit broader tech benchmarks as anxiety grew across the sector.
The drop brought to a close months of strong gains for top tech firms.