<div id="readability-page-1"><div><div>Shares of big tech like Amazon.com AMZN, Microsoft MSFT, Meta Platforms META and Alphabet Inc. GOOGL GOOG slipped between 0.4% to 0.5% in Monday pre-market session amid Trump’s H1-B crackdown. Intel INTC stock fell 1.2%.<h2>H-1B Visa Fee Hike Sparks Concerns for US Firms</h2>Trump’s administration revealed on Friday that it would demand a $100,000 one-time annual fee for H-1B working visas, a move that has raised concerns about higher labor expenses and limited access to skilled workers.While the new fees only apply to new applications, analysts warn that the limited supply of skilled workers in the U.S. could lead to increased wages and reduced margins.Several major tech companies and banks, including Microsoft, Amazon, Alphabet, and Goldman Sachs GS, have issued urgent travel advisories to their employees.Shares of other companies heavily reliant on H-1B visas, such as JP Morgan JPM, fell 1.65% during premarket trading.<h2>Higher Visa Fees May Raise Costs for Indian IT Workers</h2>The revised visa fees, anticipated to have a moderate effect, may trigger a shortage of skilled workers in the U.S., potentially pushing wages higher and pressuring corporate profits, as per analysts. Indian IT professionals, who account for most H-1B applicants, could encounter higher expenses and slower revenue growth as a result of the changes.Trump’s visa fee proposal initially caused confusion among large U.S. companies, prompting the White House to clarify that it is a one-time charge for each visa petition, not an annual fee. The move, part of Trump’s broader immigration crackdown, aims to push firms to prioritize domestic workers.Despite the controversy, some industry figures, such as Netflix NFLX co-founder Reed Hastings, have supported the new fees, calling them a “great solution” to the H-1B program’s lottery system.READ NEXT:<ul> <li>Tesla Faces Class Action Over ‘Wage Theft’ Amid Preference For H-1B Workers Following Elon Musk’s Push To Optimize Visa Practice</li> </ul>Image via Shutterstock</div></div></div>

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Shares of major tech companies, including Amazon, Microsoft, Meta, and Alphabet, fell by 0.4% to 0.5% in pre-market trading due to concerns over Trump's proposed $100,000 fee for H-1B visas. This move raises fears of increased labor costs and a shortage of skilled workers, potentially impacting corporate profits. Companies reliant on H-1B visas, like JP Morgan, also saw declines. While some industry leaders support the fee changes, analysts warn of higher wages and reduced margins for U.S. firms.

- Shares of major tech companies, including Amazon, Microsoft, Meta, and Alphabet, fell by 0.4% to 0.5% in pre-market trading due to Trump's proposed H-1B visa fee increase.  
- The administration's plan to impose a $100,000 one-time fee for H-1B visas has raised concerns about higher labor costs and a potential shortage of skilled workers, which could lead to increased wages and reduced corporate margins.  
- Analysts suggest that the changes may particularly impact Indian IT professionals, who make up a significant portion of H-1B applicants, resulting in higher expenses and slower revenue growth.  

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Amazon, Alphabet, Meta, Other Big Tech Stocks Fall In Monday Pre-Market: What's Going On?