Tech stocks across 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 tumbled by hundreds of billions due to weak earnings.
The market selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock fell over 8% once the earnings were released.
Alphabet’s shares slid nearly 5% in that trading window.
The decline hit broader tech benchmarks as worries spread across the sector.
The drop brought to a close months of strong gains for top tech firms.