Tech stocks in the US 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 tumbled by hundreds of billions on weak earnings.
The 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 slid nearly 5% in the same session.
The decline hit broader tech benchmarks as worries spread across the sector.
The drop ended months of strong gains for top tech firms.