Tech stocks across the United States lost $797 billion total on July 24, 2026.
This marked the steepest single‑day decline for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values slid 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 slid over 8% once the earnings were released.
Alphabet’s shares fell nearly 5% in that trading window.
The decline affected broader tech benchmarks as anxiety grew across the sector.
The drop ended months of strong gains for top tech firms.