Tech stocks in the United States lost $797 billion total 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 due to weak earnings.
The selloffs followed Google’s poor earnings report, sparking worries about Big Tech’s growth.
Tesla’s stock dropped over 8% once the earnings were released.
Alphabet’s shares fell nearly 5% in that trading window.
The decline hit broader tech benchmarks as anxiety grew across the sector.
The drop ended months of strong gains for top tech firms.