Tech stocks across the United States lost $797 billion overall on July 24, 2026.
This marked the largest single‑day fall for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values dropped by hundreds of billions after weak earnings.
The market selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock slid over 8% once the earnings were released.
Alphabet’s shares tumbled nearly 5% during that session.
The decline affected broader tech benchmarks as worries spread across the sector.
The drop brought to a close months of strong gains for top tech firms.