Trump Administration Suspends Tech Visa Program Amid AI Spending Sustainability Concerns

Key Facts

1The Trump administration suspended an immigration program for tech firms including Microsoft, alleging abuse of the worker visa system.

2TSMC sales surged, yet investors remain concerned about the longevity of the AI investment boom.

The Trump administration suspended an immigration program for several tech firms, including Microsoft, alleging abuse of the worker visa system. Bloomberg reported that this regulatory move coincides with a surge in sales for TSMC, even as investors remain concerned about the longevity of the current AI investment boom.

Microsoft (MSFT) closed at $529.76 on October 7, 2026, while TSMC (TSM) closed at $472.20 on the same date. In the broader tech sector, Apple (AAPL) was trading at $338.76 on October 8, 2026, while Meta (META) and Alphabet (GOOGL) saw closing prices of $721.31 and $350.50 respectively on October 7, 2026.