Shares of U.S. technology companies slipped on Monday after President Donald Trump unveiled steep new visa fees as part of his immigration crackdown, raising concerns over higher labor costs and tighter access to skilled workers.

The Trump administration said on Friday it would ask companies to pay $100,000 per year for H-1B working visas, prompting some big tech companies and banks to warn employees to stay in the U.S. or quickly return.

Analysts said the impact should be moderate, given that the fees apply only to new applications, but warned that a constrained supply of skilled workers in the U.S. may push wages higher and squeeze margins.

Companies including Microsoft, Amazon, Alphabet and Goldman Sachs were among those that sent urgent emails to their employees with travel advisori

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