In July, tech giants experienced a significant decrease in their market capitalization due to concerns over their earnings. The drop in market cap was a cause for worry among investors, as it raised questions about the future performance of these companies. Despite their prominence in the tech industry, these giants faced a notable setback that impacted their overall value. The decline in market cap served as a reminder of the uncertainties that can affect even the most successful companies in the market. Investors closely monitored the situation, hoping for a turnaround in the near future.