A two-day chip rebound stalled ahead of Alphabet's earnings in a sign of whether the hundreds of billions going into AI is paying off. Bitcoin has tracked that trade all month.

Tesla's 11,509 BTC treasury and Alphabet's $80 billion AI raise make this week's Q2 2026 earnings pivotal for Bitcoin and AI token markets.

War drives oil up, the Kimi selloff drags chips down, and bitcoin sits between them.