Courts Block Trump's $100K H-1B Fee, Easing Visa Costs for Cognizant
CTSH sits 57% above its 52-week low of $37.08.
Summary
Two federal district courts have halted the $100,000 H-1B visa application fee, a major cost relief for Cognizant and other Indian IT services firms. Judge Gilliam's September 30 ruling blocked enforcement of the fee collection rules, and Judge Sorokin struck down the fee entirely on June 8. The fee, imposed by Trump's September 2025 proclamation, would have significantly raised costs for companies sending engineers to the US. Cognizant is among the top 10 H-1B beneficiaries, and the fee's removal reduces a key expense and operational uncertainty. The rulings are preliminary injunctions, so the administration may appeal, but for now the fee cannot be enforced.
At the time of this announcement, CTSH was trading at $58.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $26.2B. The 52-week trading range was $37.08 to $87.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Mint.