Tech stocks in the US 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 slid by hundreds of billions after weak earnings.
These selloffs followed Google’s poor earnings report, triggering doubts about Big Tech’s growth.
Tesla’s stock fell over 8% after its earnings release.
Alphabet’s shares tumbled nearly 5% during that session.
The decline impacted broader tech benchmarks as anxiety grew across the sector.
The drop brought to a close months of strong gains for top tech firms.