Tech stocks in the US lost $797 billion in market value on July 24, 2026.
This marked the worst single‑day drop 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 slid over 8% after its earnings release.
Alphabet’s shares tumbled nearly 5% in the same session.
The decline impacted broader tech benchmarks as worries spread across the sector.
The drop halted months of strong gains for top tech firms.