22 Sep 2025 | 5 Mins Read
US tech stocks decline amid new H-1B visa fees
Flipitmoney
President Donald Trump's $100,000 visa fee for H-1B working visas sparked concerns over higher labor costs. Top U.S. tech companies, including Microsoft, Amazon, and Goldman Sachs, warned employees to stay in the U.S. or quickly return. Shares of Cognizant Technology Solutions, JP Morgan, and Intel fell 1-1.6% and Indian IT stocks dropped nearly 3% as analysts predict a 4-13% profit drag.