Tech stocks in the United States lost $797 billion overall on July 24, 2026.
This marked the steepest single‑day decline for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values tumbled by hundreds of billions on weak earnings.
These selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock dropped over 8% once the earnings were released.
Alphabet’s shares fell nearly 5% during that session.
The decline hit broader tech benchmarks as worries spread across the sector.
The drop ended months of strong gains for top tech firms.