Tech stocks in the US 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 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 the same session.
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.