Tech stocks in 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 tumbled by hundreds of billions after weak earnings.
The 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.