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Big Tech stocks hold steady after Trump visa fees crackdown
Yahoo Financeยท2025-09-22 06:33

Group 1 - Large-cap US technology companies' shares remained steady in premarket trading following the introduction of new visa fees by the Trump administration [1] - The administration proposed a fee of $100,000 per year for H-1B working visas, leading to urgent travel advisories from major companies like Microsoft, Amazon, Alphabet, and Goldman Sachs [2] - The "Magnificent 7" group, which includes Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla, saw their shares trading less than 1% above or below their previous close [2] Group 2 - In the first half of 2025, Amazon and its cloud-computing unit AWS received approval for over 12,000 H-1B visas, while Microsoft and Meta Platforms each had over 5,000 approvals [3] - The current visa lottery system requires a small entry fee, with subsequent fees potentially amounting to several thousand dollars if approved [3]