AOC Targets Apple, Calls For Breakup Of 'Far Too Big' Companies After Tim Cook Defends Price Hikes: Need 'Consumer Protections' For People

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In a conversation with Fox News, AOC said Congress should consider breaking up technology giants such as Apple, arguing they wield excessive power. At the same time, consumers bear the rising costs of...

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They want to be governments. They want to have totally unchecked power.”\nOcasio-Cortez’s comments come as Apple has warned that ongoing pressure on the semiconductor supply chain could force it to raise prices for products including iPhones and Macs.\nApple CEO Tim Cook earlier said the company has tried to absorb higher component costs but may no longer be able to do so.\n“Unfortunately, price increases are unavoidable,” Cook said.\nBeyond antitrust concerns, Ocasio-Cortez argued that Congress should revisit policies enacted before the AI boom dramatically increased demand for chips, electricity and data centers.\nShe said the 2022 CHIPS and Science Act was designed before the rapid expansion of AI infrastructure and did not account for the energy demands of massive data centers.\nPrice Action: Apple shares closed Friday up 3.14% at $283.78 and declined 0.45% to $282.50 in after-hours trading, according to Benzinga Pro.\nBenzinga Edge Stock Rankings place Apple in the 98th percentile for Quality, indicating robust long-term price performance even as the stock has struggled over shorter time frames.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto Courtesy: Maxim Elramsisy on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647323063","isCrawlerRequest":true}