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 after weak earnings.
The market selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock dropped over 8% following the earnings release.
Alphabet’s shares tumbled nearly 5% during that session.
The decline hit broader tech benchmarks as anxiety grew across the sector.
The drop ended months of strong gains for top tech firms.