Magnificent Seven Stocks Erase $900 Billion in One Day — Worst Drop Since April 2025

TLDR

• The Magnificent Seven stocks lost up to $888 billion in market value on July 23, their worst single-day drop since April 2025
• Every member of the group fell, with Tesla dropping 14% and Alphabet falling over 7%
• Tesla alone shed roughly $200 billion in market value following its quarterly earnings
• Alphabet’s rising AI infrastructure spending spooked investors despite strong revenue growth
• Memory chip makers like Micron and Sandisk rose as investors rotated into AI infrastructure plays

The Magnificent Seven stocks had their worst day since April 2025 on July 23, wiping out close to $900 billion in combined market value. Every member of the group fell, with Tesla and Alphabet leading the losses.

Tesla dropped around 14% after its quarterly results, shedding roughly $200 billion in market value alone. Alphabet fell over 7%, also following its earnings report.

The Roundhill Magnificent Seven ETF fell more than 4% on the day, reflecting the broad sell-off across the group.

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