Defiance Connective Technologies ETF (NASDAQ: SIXG)

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Defiance Connective Technologies ETF

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The Fund uses a passive management (or indexing) approach to track the total return performance, before fees and expenses, of the Index. The Index is a rules-based index that consists of a tiered, modified market capitalization-weighted portfolio of the U.S.-listed equity securities, including depositary receipts, of companies whose products or services are predominantly tied to the development of 5G networking and communication technologies (collectively, 5G Companies).

Apple Inc

NVIDIA Corporation

Broadcom Corp - Common Cl A

Oracle Corp.

Ocisco Systems, Inc

Qualcomm Inc.

Advanced Micro Devices Inc.

Analog Devices, Inc.

Arista Networks Inccommon Stock

Nxp Semiconductors N V

Celestica, Inc

Credo Technology Group Holding Ltd

Marvell Technology Inc

Kyndryl Hldgs Inc

Nokia Corp-spon ADR

Datadog Inc

Telefonaktiebolaget Lm Ericsson ADR

Calix Networks Inc

Ast Spacemobile Inc Class A

Marc Benioff, CEO of&nbsp;Salesforce&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), has dismissed fears that artificial intelligence (AI) will lead to mass layoffs of white-collar workers.
What Happened: Benioff shared his views on AI during an&nbsp;interview at the 2025 AI&nbsp;for Good Global Summit, as reported by&nbsp;<a href="https://www.businessinsider.com/marc-benioff-ai-white-collar-jobs-salesforce-2025-7">Business Insider</a>. He stated that AI would not lead to a significant reduction in white-collar jobs but would instead lead to &#8220;a radical augmentation of the workforce.&#8221;
Check out the current price of&nbsp;<a href="https://benzinga.com/quote/CRM" target="_blank" rel="noreferrer noopener">CRM stock here</a>.
Benioff&#8217;s viewpoint differs from that of other tech leaders. For instance, Anthropic CEO Dario Amodei has warned that AI could potentially eliminate as much as 50% of all entry-level white-collar jobs over the next five years.
The Salesforce CEO urged people to move beyond this &#8220;fear,&#8221; stating that his customers aren&#8217;t laying off employees due to AI advancements. Instead, he sees AI as a tool for amplifying the capabilities of businesses, particularly small and medium-sized ones.
Despite the differing opinions, Benioff has put a pause on hiring engineers, lawyers as well and customer service agents at Salesforce for the year, to allow for the full integration of AI productivity. However, the company is increasing its sales-related hires due to the growing demand for AI deployment amid anticipation for major growth in small and medium businesses.
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46384692/elon-musk-says-trump-wants-everyone-to-stop-talking-about-epstein-reiterates-demand-that-president-" target="_blank" rel="noreferrer noopener">Elon Musk Says Trump Wants Everyone To &#8216;Stop Talking&#8217; About Epstein, Reiterates Demand That President &#8216;Just Release The Files&#8217;</a>
Why It Matters: Benioff&#8217;s stance on AI&#8217;s role in the workforce is not new. In June, he revealed in an&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46135663/marc-benioff-says-ai-now-handles-up-to-50-of-work-at-salesforce-could-an-ai-agent-eventually-take-over-his-job">interview</a>&nbsp;that AI was handling up to 50% of tasks at Salesforce, boosting productivity in key functions. This aligns with his current view of AI as a workforce augmenter.
However, not all tech leaders share Benioff&#8217;s optimism. Last week, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46380955/nvidia-ceo-jensen-huang-warns-ai-could-replace-jobs-if-innovation-stalls-if-the-world-runs-out-of-ideas">warned</a>&nbsp;that AI could replace jobs if industries fail to innovate. Similarly, Anthropic CEO Dario Amodei&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44522899/anthropic-ceo-says-ai-could-write-90-of-code-in-3-to-6-months-warns-every-industry-will-be-affected">predicted</a>&nbsp;in March 2025 that AI could handle nearly all coding tasks within a year.
As AI continues to evolve, the debate on its impact on the workforce is likely to intensify. The differing views of tech leaders underscore the need for businesses to carefully navigate the integration of AI into their operations.
READ MORE: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46385002/nvidia-other-us-origin-ai-chips-shipments-to-china-will-now-require-trade-permits-says-malaysia-rule-violators-to-face-strict-action">Nvidia, Other US Origin AI Chips Shipments To China Will Now Require Trade Permits, Says Malaysia, Rule Violators To Face Strict Action</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

NVDA

Marc Benioff Dismisses AI Panic, Says White-Collar Workforce Won't Be Wiped Out

Macro Economic Events

Econ #s

Economics

China New Loans For June 2,240.0B Vs. 1,960.0B Est.; 620.0B Prior

French&nbsp;prosecutors have initiated a criminal investigation into&nbsp;X, a company owned by billionaire&nbsp;and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, for allegedly manipulating its algorithms to interfere with foreign affairs.
What Happened: The investigation is centered around whether X violated French law by altering its algorithms and illicitly extracting user data. This probe follows a previous inquiry initiated in January, based on complaints from a lawmaker and a senior civil servant, as stated by Magistrate Laure Beccuau, <a href="https://www.politico.eu/article/france-opens-criminal-probe-into-x-for-algorithm-manipulation/">reported</a> Politico.
The initial complaint alleged that X was disseminating a large volume of hateful, racist, anti-LGBT+, and homophobic political content aimed at distorting democratic discourse in France. On Thursday, two French parliamentarians referred the platform to France's digital regulator, Arcom, after X's AI chatbot, Grok, published anti-Semitic and racist posts.
The initial inquiry was triggered by a complaint filed by a lawmaker and a senior civil servant whose identity has not been disclosed. The investigation also includes the actions of&nbsp;Grok, an artificial intelligence chatbot that responds to user queries on X, which led to two French parliamentarians referring the platform to France&#8217;s digital regulator,&nbsp;Arcom, for anti-Semitic and racist posts.
X did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally" target="_blank" rel="noreferrer noopener">Bitcoin Zooms Past $121,000 To Finish Historic Week: What&#8217;s Fueling The Rally? &#8211; Benzinga</a>
Why It Matters: The European Commission has been <a href="https://www.benzinga.com/markets/tech/25/06/45827116/elon-musks-social-media-platform-x-scrambles-to-highlight-blue-check-disclaimer-amid-eu-fine-threat-report">independently investigating X </a>for nearly two years over a suspected breach of the Digital Services Act. While the probe originally centered on the platform's role in spreading misinformation, it was broadened in January to scrutinize X's algorithms following Elon Musk's decision to host and stream an interview with Alice Weidel, the leader of Germany's far-right party.
Earlier this month, Linda Yaccarino, the CEO of X,<a href="https://www.benzinga.com/news/social-media/25/07/46329375/x-ceo-yaccarino-splits-with-elon-musk-after-two-years-says-best-is-yet-to-come-for-social-platform"> parted ways with the company</a> after a two-year tenure. Amid these changes, the current investigation into alleged algorithm manipulation adds another layer of complexity to the challenges faced by X.
READ MORE:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46131839/elon-musk-says-x-will-charge-advertisers-by-screen-size-to-curb-giant-ads-that-hurt-user-experience">Elon Musk Says X Will Charge Advertisers By Screen Size To Curb &#8216;Giant Ads&#8217; That Hurt User Experience </a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Elon Musk's X Under Criminal Probe In France For Alleged Algorithm Manipulation And Hate Speech

Nokia network APIs now available on Google Cloud Marketplace, making it even easier for developers to utilize
<ul>
<li>The Nokia network APIs available on Google Cloud Marketplace are Quality of Service on Demand, Number Verification, and Device Location Verification.</li>
</ul>

Nokia Expands Developer Access With Network APIs On Google Cloud Marketplace

<ul>
<li>Both Phase 3 Studies Met all Primary and Secondary Endpoints Demonstrating Statistically Significant Improvements Across Symptoms at All Doses, Building Upon Phase 2b Results</li>
<li>Oveporexton was Generally Well-Tolerated in Phase 3 Safety Profile Takeda is Rapidly Advancing Regulatory Submissions and Launch Preparedness with the Aim to Bring Oveporexton to People Living with Narcolepsy Type 1 as Quickly as Possible</li>
<li>these Results Mark a Major Advancement Toward Transforming the Standard of Care by Addressing the Underlying Cause of Narcolepsy Type 1</li>
</ul>

Takeda's Oveporexton Demonstrates Safety and Efficacy in Global Phase 3 Studies, Paving Way For New Narcolepsy Treatment

ELLO

Ellomay Capital to Raise Approx. NIS 50m in Private Placement At NIS 54 Per Share

Nvidia chief executive Jensen Huang says President Donald Trump's effort to "re-industrialize" technology manufacturing is "exactly the right thing," a "smart move" that will end the nation's "sole dependency" on overseas suppliers.
What Happened: In a CNN interview <a href="https://edition.cnn.com/2025/07/13/world/video/gps0713-nvidia-us-china-ai">broadcast</a> Sunday, Huang warned the United States is "missing that entire band in our industries," which is the craft of actually building chips, servers and other hardware — and said restoring that capacity would spread middle-class jobs beyond Ph.D. labs.
"That passion, the skill, the craft of making things&#8230; the ability to make things is valuable for economic growth, it's value for a stable society with people who can create a wonderful life and a wonderful career without having to get a PhD in physics," Huang explained.
His praise comes as the White House leans on tariffs and subsidies to pull factories back onshore. In April, press secretary Karoline Leavitt said Trump cannot rely on China for critical tech and temporarily waived duties on smartphones so companies could shift production.
<a href="https://www.benzinga.com/markets/economic-data/25/07/46385153/trumps-spending-bill-limits-student-loans-sparks-funding-gap-concerns">See Also: Trump&#8217;s Spending Bill Limits Student Loans, Sparks Funding Gap Concerns</a>
Trump also announced in March that Taiwan Semiconductor Manufacturing Co. will <a href="https://www.benzinga.com/markets/tech/25/07/46283410/taiwan-semiconductor-shifts-focus-100-billion-usa-expansion">invest at least $100 billion</a> to build five U.S. chip plants, a commitment he said would solve a major supply-chain risk. The TSMC pledge follows similar multibillion-dollar promises from Samsung, Intel and Micron as part of a broader manufacturing drive.
Why It Matters: Analysts say the campaign is reshaping the chip market but raising costs. BlackRock's Larry Fink recently cautioned that tariffs alone will not <a href="https://www.benzinga.com/25/04/44661665/manufacturing-resurgence-not-without-a-workforce-says-blackrocks-fink">cure the labor shortages</a> hobbling a full revival.
Huang spoke after a World Economic Forum survey found 41% of employers expect to shrink staff by 2030 because of automation, a trend he insists new roles will offset. Huang warned industries that if they stop innovating and generating new ideas, AI-driven productivity gains <a href="https://www.benzinga.com/markets/tech/25/07/46380955/nvidia-ceo-jensen-huang-warns-ai-could-replace-jobs-if-innovation-stalls-if-the-world-runs-out-of-ideas">will cost workers</a> their jobs.
He acknowledged hurdles but argued that "ecosystems of industries and manufacturing" at home will ease geopolitical pressure on Taiwan, whose foundries build most of Nvidia's advanced processors.
Photo: jamesonwu1972 / Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/07/46385035/chris-christie-says-trump-not-pam-bondi-pulled-the-plug-on-epstein-memo-when-you-start-the-fire-sometimes-you-cant-put-it-out">Chris Christie Says Trump, Not Pam Bondi Pulled The Plug On Epstein Memo: &#8216;When You Start The Fire, Sometimes You Can&#8217;t Put It Out&#8217;</a></li>
</ul>

Tech

Nvidia Chief Jensen Huang Says Trump's Move To Manufacture In The US Is 'Exactly' The Right Thing: America Is 'Missing That Entire Band'

Several Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-associated companies saw their shares rise in overnight trading Monday, as the apex digital asset continued its record-breaking bull run.
What happened: Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the world's largest corporate Bitcoin holder, was up over 3% as of this writing, <a href="https://robinhood.com/us/en/stocks/MSTR/">according </a>to Robinhood.
Similarly, leading Bitcoin miners like MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.71% and 3.62%, respectively, at last check.
Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and commission-free trading platform Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) also edged higher.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>Overnight Gains +/-</td>
<td>Price (Recorded at 2:05 p.m. ET)</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>+3.71%</td>
<td>$19.85</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>+3.62</td>
<td>$12.87</td>
</tr>
<tr>
<td>Strategy</td>
<td>+3.17%</td>
<td>$447.72</td>
</tr>
<tr>
<td>Coinbase</td>
<td>+1.86%</td>
<td>$394.24</td>
</tr>
<tr>
<td>Robinhood Markets</td>
<td>+1.20%</td>
<td>$99.52</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/25/07/46385394/rich-dad-poor-dad-author-robert-kiyosaki-says-he-will-buy-one-more-bitcoin-asap-as-btc-breaks-122000">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Says He Will Buy &#8216;One More&#8217; Bitcoin ASAP As BTC Breaks $122,000</a>
The uptick comes after Bitcoin blasted past $122,000&nbsp;to clock new highs, <a href="https://www.benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally">extending a rally that began last week</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $122,312.71, up 3.74% in the last 24 hours, and 12% over the week, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Meanwhile, MSTR recorded a high Momentum score, but lagged in Value and Growth. If you&#8217;re looking for similar high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.."><img loading="lazy" decoding="async" width="961" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png" alt="" class="wp-image-983326" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png 961w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-300x61.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-768x157.png 768w" sizes="(max-width: 961px) 100vw, 961px" /></a></figure>
Photo: khunkornStudio via Shutterstock
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

COIN

HOOD

MARA

MSTR

RIOT

Michael Saylor's Strategy, Coinbase, MARA, Riot And Other Crypto-Related Stocks Spike After Hours As Bitcoin Touches All-Time High Beyond $122,000

FCFS

Reported Friday, FirstCash To Pay $5M–7M in Consumer Redress And $4M Fine Following CFPB Settlement On Military Lending Act Claims

Earnings

DGNX

Reported Friday, Diginex FY 2025 EPS $(0.53) Compared To $(0.75) YoY, Revenue $2.04M Up From $1.29M YoY; Cash $3.M

<ul>
<li>Customers saved billions while shopping Amazon's millions of deals during Amazon's biggest Prime Day shopping event yet</li>
<li>Prime members purchased millions of Alexa-enabled devices, and the Ring Battery Doorbell and Fire TV Stick HD were two of the event's best-selling items</li>
</ul>

AMZN

Reported Saturday,  Amazon Prime Day 2025 Generates Record Sales And Savings, Supported by Alexa+, AI Shopping Tools, And Expanded Prime Benefits

<ul>
<li>Presentations highlight clinically meaningful reductions in BMI in patients with acquired hypothalamic obesity –</li>
<li>- Full data from Phase 3 TRANSCEND study underscore potential efficacy of setmelanotide, including with prior use or concomitant use of GLP</li>
</ul>

RYTM

Reported Saturday, Rhythm Pharmaceuticals Reports Statistically Significant BMI Reductions In Children And Adults Across Multiple Doses And Subgroups In TRANSCEND And SIGNAL Trials

<ul>
<li>Pivotal Phase 3 LUCIDITY trial of avexitide, a potential first-in-class GLP-1 receptor antagonist with FDA Breakthrough Therapy designation, underway in post-bariatric hypoglycemia; completion of recruitment expected in 2025, with topline data anticipated in first half of 2026</li>
<li>In the Phase 2b trial, avexitide 90 mg once daily led to a 64% least-squares mean reduction in the composite rate of Level 2 and Level 3 hypoglycemic events in post-bariatric hypoglycemia, the FDA-agreed upon primary outcome that LUCIDITY is evaluating</li>
<li>Population pharmacokinetic and pharmacodynamic data demonstrated avexitide 90 mg once daily has sustained therapeutic exposure for 24 hours</li>
</ul>
&nbsp;

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

Reported Sunday, Amylyx Highlights Efficacy And 24-Hour Coverage Of Avexitide 90 mg Daily; Supports Advancing Phase 3 LUCIDITY Trial

<ul>
<li>Data show that PALSONIFY was well tolerated and IGF-1 levels remained stably controlled during long-term open label extensions of PATHFNDR-1 and PATHFNDR-2 studies</li>
<li>Additional PALSONIFY presentations demonstrate reductions in patient-reported symptom burden, including both symptom severity and rates of symptom flares</li>
</ul>

CRNX

Reported Sunday, Crinetics Highlights Interim Data from PATHFNDR-1 And PATHFNDR-2 Extensions Confirming Long-Term Efficacy And Tolerability of PALSONIFY In Acromegaly

Reported Sunday, Ki Corporation And Public Storage Present Revised Offer To Acquire Abacus Storage King; Parties Enter Due Diligence Phase

INDA

India Wholesale Price Index (WPI) Inflation (YoY) For June -0.13% Vs. 0.52% Est.; 0.39% Prior

Financial expert&nbsp;Robert Kiyosaki&nbsp;said Sunday that he would buy more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as the apex cryptocurrency continued its gravity-defying run on price charts.
What Happened: Kiyosaki took to X to celebrate the ongoing surge in Bitcoin&#8217;s value.
&#8220;Going to buy one&nbsp;more Bitcoin asap. It's never&nbsp;been easier to become rich…&nbsp;even a millionaire,&#8221; &nbsp;the author of the best-selling book "Rich Dad Poor Dad" said.
Kiyosaki urged his followers to study the asset and see if Bitcoin is what they need to become millionaires themselves.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">YAY: Bitcoin over $117 K a coin. Going to buy one more Bitcoin asap. It's never been easier to become rich…. even a millionaire. Please study, learn, and find out if Bitcoin is your path to becoming a millionaire. Take care. I love my BITCOINS…. all of them.
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1944264563584884864?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/25/07/46384827/samson-mow-confident-bitcoin-is-going-to-add-a-zero-the-million-dollar-question-is-of-when">Samson Mow Confident Bitcoin Is Going To Add A Zero: The Million Dollar Question Is Of &#8216;When&#8217;</a>
Why It Matters: Kiyosaki&#8217;s advocacy came amid a historic week for Bitcoin. The cryptocurrency&#8217;s value skyrocketed past $122,000 after midnight, <a href="https://www.benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally">marking a new all-time high</a>, and extending a triumphant run fueled by healthy institutional inflows.
This isn&#8217;t the first time Kiyosaki has advocated for investment in Bitcoin. Earlier in the month, he warned of a potential <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46045741/rich-dad-poor-dad-author-robert-kiyosaki-warns-of-global-debt-collapse-urges-buying-gold-silver-bitcoin">global debt collapse</a> and urged his followers to invest in gold, silver, and Bitcoin.
Kiyosaki is infamous for making bold predictions regarding Bitcoin&#8217;s price, some of which were way off the mark. He projected Bitcoin would hit $100,000 in June of last year. He even painted a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39198509/rich-dad-poor-dad-author-robert-kiyosaki-comes-up-with-another-bold-projection-bitcoin-wil" target="_blank" rel="noreferrer noopener">$350,000 price target</a>&nbsp;by August 2024.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $122,244.85, up 3.79% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46383287/new-survey-reveals-what-wealthy-investors-really-think-about-crypto">New Survey Reveals What Wealthy Investors Really Think About Crypto</a></li>
</ul>
Photo Courtesy: Hamdi Bendali on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a><a href="https://benzinga.com/markets/cryptocurrency/24/01/36719639/arthur-hayes-on-bitcoin-i-think-we-break-40k-traders-see-halving-in-4-months-for-next-pric" target="_blank" rel="noreferrer noopener"> </a>

'Rich Dad Poor Dad' Author Robert Kiyosaki Says He Will Buy 'One More' Bitcoin ASAP As BTC Breaks $122,000

Billionaire investor Chamath Palihapitiya sparked speculations regarding a potential megamerger between Elon Musk&#8217;s biggest ventures, xAI, SpaceX, and, of course, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">TSLA stock here.</a>
What Happened: On Sunday, in a post on X, Palihapitiya made the case for a merger cascade between Musk&#8217;s ventures, xAI, which owns X.com, Grok, and more, with his space exploration, autonomous vehicles and EV plays.
He suggests that merging the three could give rise to a singular, transformative entity centered on &#8220;consciousness in all of its forms,&#8221; one that spans the physical, digital, and extraterrestrial realms.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46380521/elon-musk-rejects-reports-that-xai-is-looking-to-raise-additional-funds-at-200-billion-valuation-we-have-plenty-of-capital">Elon Musk Rejects Reports That xAI Is Looking To Raise Additional Funds At $200 Billion Valuation: &#8216;We Have Plenty Of Capital&#8217;</a>
&#8220;I&#8217;m here for it,&#8221; Palihapitiya says, adding that the outcome would be &#8220;pretty logical&#8221; in his opinion, with all three companies now centering around AI. 
This comes amid growing interest in Musk&#8217;s expanding empire, and how artificial intelligence can bind them all together. Tesla is leaning heavily into self-driving and robotics, SpaceX is integrating machine learning into space navigation and satellite networks, while xAI, Musk&#8217;s latest venture, focuses on building artificial general intelligence.
In his post, Palihapitiya uses the term &#8220;industrial logic,&#8221; suggesting that he sees strategic alignment with such a merger. From Tesla&#8217;s hardware and xAI&#8217;s software, to SpaceX&#8217;s infrastructure plays, all aligned in a single, vertically integrated platform.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">AI may be the industrial logic that can drive the following merger cascade: xAI —&gt; Tesla —&gt; SpaceX This would be pretty logical imo. One company focused on consciousness in all of its forms &#8211; physical, digital, beyond earth. I'm here for it.
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1944291098878238835?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Nearly five years ago, Musk himself had approved of this idea to <a href="https://www.benzinga.com/tech/20/12/18915031/elon-musk-floats-idea-of-starting-one-parent-company-to-hold-tesla-spacex-boring-neuralink">form a holding company</a> named X, which would work as the parent company for his many ventures, such as Tesla, SpaceX, Boring and Neuralink.
This comes just months after Musk&#8217;s xAI <a href="https://www.benzinga.com/tech/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">acquired his social media platform</a>, X.com, formerly known as Twitter, in an all-stock deal valued at $33 billion. 
Musk&#8217;s SpaceX now plans to invest $2 billion into xAI, according <a href="https://www.benzinga.com/tech/20/12/18915031/elon-musk-floats-idea-of-starting-one-parent-company-to-hold-tesla-spacex-boring-neuralink">to</a> a report by the Wall Street Journal on Sunday, as part of a $5 billion funding round. This values the company at $113 billion.
Price Action: Tesla shares were up 1.17% on Friday, trading at $313.51, and are up 0.85% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-1024x146.png" alt="" class="wp-image-983274" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score high on Growth, but lag behind on other metrics, with a favorable price trend in the medium and long terms, but unfavorable in the short term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
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Read More: 
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<li><a href="https://www.benzinga.com/personal-finance/management/25/07/46381286/elon-musk-said-hes-not-warren-buffetts-biggest-fan-and-finds-his-job-super-boring-but-also-really-wanted-him-to-invest-in-tesla">Elon Musk Said He&#8217;s Not Warren Buffett&#8217;s &#8216;Biggest Fan&#8217; And Finds His Job &#8216;Super Boring&#8217; — But Also Really Wanted Him To Invest In Tesla</a></li>
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Tesla, xAI and SpaceX Merger? Chamath Palihapitiya Floats 'Industrial Logic' For Union Of Elon Musk-led Companies: 'This Would Be Pretty Logical'

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