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According to Golden Ten Data on July 6, ten years ago, Musk believed that SpaceX and Tesla had “weak connections” and insufficient reasons for a merger. Today, market discussions have shifted from “if they will merge” to “when they will merge,” and long-term investors believe the merger is already a foregone conclusion. Although Musk has not publicly confirmed this, he frequently refers to the “integration” of his businesses, and SpaceX has also hinted in documents that it may issue a large number of shares, sparking speculation over possible deals. In recent years, both companies have transformed toward AI: Tesla is betting on autonomous driving and humanoid robots, while SpaceX has acquired xAI and plans to deploy space data centers, with AI expected to become SpaceX’s largest source of revenue starting this year. The business ties between the two parties have become significantly stronger: SpaceX disclosed the procurement of batteries and Cybertrucks from Tesla, and Tesla also indirectly holds a stake in SpaceX due to the xAI acquisition. Although Musk denied the logic of a merger ten years ago, in 2025 he acknowledged synergies among the three in the fields of solar energy, AI, and satellites—which he sees as key technology for “harnessing massive amounts of solar energy.”

The STOXX Europe 600 Index closed up 0.7% at 652.77 points last Friday (July 3), hitting a record intraday high of 652.35 points. This marked the fourth consecutive week of gains and the largest weekly increase since mid-May. The German DAX Index also set a new all-time high, closing up 0.8%.

This means that the target price is currently the highest forecast for AMD on Wall Street. Cantor now ranks the stock as its top pick in the computing sector, even ahead of Nvidia and Broadcom. Muse stated that AMD currently demonstrates the strongest growth momentum in computing business among semiconductor companies. On the other hand, he believes that Qualcomm's recent chip expansion is more likely to ultimately revert to its nature as a "mobile phone company." At present, the average Wall Street target price for AMD is $509.75, noticeably lower than Cantor’s $700 and also below its recent trading levels. The 35 analysts covering the stock have set target prices ranging widely from $250 to $700, making it one of the most divergent among major chip companies.