Oracle shares are down 5% in early Monday trading after the company disclosed in a Friday regulatory filing that it is expanding planned job cuts, raising the estimated cost of its restructuring plan by $700 million. This increase overshadowed Executive Chair Larry Ellison's cancellation of a preset trading plan that would have allowed the sale of up to $7.5 billion of his Oracle stock.

This single-stock move is pulling down other AI infrastructure names, with CoreWeave and Nebius Group also falling 5% each. The near-identical percentage moves across these three companies suggest a group repricing driven by concerns over capital-intensive AI compute demand, rather than company-specific issues. This comes as Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman recently called for a slower pace of AI model development, which could threaten demand assumptions for contracted backlogs at com