Tech stocks in the US 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 dropped by hundreds of billions due to weak earnings.
These selloffs followed Google’s poor earnings report, triggering doubts 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 affected broader tech benchmarks as worries spread across the sector.
The drop ended months of strong gains for top tech firms.