Can I use two different controllers e.g. (Xbox Wireless Controller PXN Speedy) pair with the 4th generation apple tv at the same time for gaming?
Let's say you could add a second steering wheel to a car. You can then steer with two steering wheels. In theory, yes, in practice, but illogical and in this case also dangerous.
I mean: If you switch both controllers in parallel, you only get half the resistance value with a resistor connection, i.e. A limited control range. The one who regulates the regulator to the lowest resistance value wins.
More difficult with digital signals. There are too many coding / protocol options here. But it is unlikely that any useful behavior will result.
However, if you think every player gets a controller, but the two are different types, only you can find out. In the settings you are given what is possible and what is not.