Tech stocks in the United States lost $797 billion in market value 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, raising concerns about Big Tech’s growth.
Tesla’s stock slid over 8% following the earnings release.
Alphabet’s shares slid nearly 5% during that session.
The decline impacted broader tech benchmarks as worries spread across the sector.
The drop ended months of strong gains for top tech firms.