Google’s New Gemini Agent Works Inside Microsoft 365. Can It Add to Google Cloud’s Growth?

The US suspended Infosys, TCS, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe from the PERM labor certification program, affecting green card processing for foreign workers. The move aims to scrutinize hiring practices and protect American jobs. Microsoft, which laid off 6,000 US workers, disputes allegations of misusing visas. The suspension may impact staffing plans for these companies, which collectively sought nearly 3 million foreign workers since 2009.

BMO Capital Markets reiterated an Outperform rating on Alphabet, citing its launch of Gemini Agent, an enterprise AI tool. The broker highlights Alphabet's competitive position, broad AI adoption, and cost efficiencies. Analysts expect continued cost declines and AI revenue growth, positioning Alphabet as a leader in the AI stack. According to BMO, 80% of Google Cloud customers use AI products, with 500 enterprises processing over 1 trillion tokens annually.

The US suspended Microsoft and seven other tech firms from the PERM green card program, citing fraud. Affected companies include Adobe, Capgemini, Cognizant, HCL, Infosys, Tata, and Wipro. The suspension does not impact H-1B visas or existing green cards. Microsoft disputed claims of misconduct, stating most H-1B applications were for current employees.

The Trump administration imposed new restrictions on the H-1B visa program, targeting Microsoft and Adobe. Vice President JD Vance accused Microsoft of using the visa to hire low-cost foreign workers, harming American workers. Microsoft defended its practices. The news may impact investor sentiment on these tech companies.

The US suspended eight tech companies, including Infosys, TCS, Wipro, and Microsoft, from its Permanent Labour Certification Programme, citing alleged abuse. The suspension affects green card applications for foreign workers. The Labour Department said the companies requested nearly 3 million foreign workers since 2009. Microsoft disputes claims of H-1B visa abuse.

India responded to the US Department of Labour's suspension of the PERM program for certain companies, noting it impacts Green Card processes but not H-1B visas. The MEA criticized the move, stating it harms mutual interests. Affected companies include Infosys, Tata, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe. US officials cited ongoing investigations and alleged visa fraud.