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 after weak earnings.
The market selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock fell over 8% after its earnings release.
Alphabet’s shares tumbled nearly 5% in the same session.
The decline hit broader tech benchmarks as anxiety grew across the sector.
The drop brought to a close months of strong gains for top tech firms.