Microsoft Suspended From Using Foreign Workers Following Allegations Of Visa Abuse

Oracle (ORCL) and Microsoft (MSFT) shares fell on Thursday after the Financial Times reported OpenAI's annualized recurring revenue was closer to $50B, lower than prior estimates. The decline reflects investor concerns about the valuation of AI-related stocks.

The US government has suspended Microsoft, Adobe, and other IT firms from a program offering green cards to skilled foreign workers, according to Vance.

The US has suspended the Permanent Labor Certification Program for several IT firms, including Infosys, Wipro, Tata, Microsoft, and Adobe, citing abuse of the H1B program. The Labor Department is not processing new or pending applications from these companies. Microsoft was accused of laying off 6,000 American workers while benefiting from 6,300 H-1B visas and 3,000 green cards.

Microsoft and other tech companies were suspended from an immigration program due to alleged abuse of foreign labor visa regulations. Vice President Pence cited Microsoft as a major offender. The company's stock is currently 10.3% undervalued according to GF Value™, with a price of $530.33 and a GF Value™ of $591.09. Microsoft has a GF Score™ of 99/100, indicating strong overall performance.

The U.S. government suspended Microsoft (MSFT) from the H-1B visa program due to alleged misuse, following criticism from Vice President JD Vance. MSFT is modestly undervalued by 10.3% with an intrinsic value of $591.09, and has a GF Score of 99/100. Insiders have net sold $112.6M in shares over the past year.

Microsoft is suspended from a green card program for H-1B visa workers by Trump's administration, accused of fraud. Vice President JD Vance claims Microsoft replaced laid-off U.S. workers with foreign labor. Microsoft obtained 6,300 H-1B visas and 3,000 green cards last year, per Vance. The company did not immediately respond to requests for comment.