Tech stocks across 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 slid by hundreds of billions due to weak earnings.
These selloffs followed Google’s poor earnings report, sparking worries about Big Tech’s growth.
Tesla’s stock fell over 8% once the earnings were released.
Alphabet’s shares tumbled nearly 5% during that session.
The decline affected broader tech benchmarks as worries spread across the sector.
The drop ended months of strong gains for top tech firms.