Zuckerberg's Net Worth Plummeting as Meta Stock Slides on AI Concerns

Meta Platforms Inc.'s (NASDAQ:META) stock price dropped by nearly 4% on Friday, wiping out an estimated $8.9 billion from Meta CEO Mark Zuckerberg's net worth to $257.5 billion, according to Forbes.

The decline came after Goldman Sachs Group (NYSE:GS) raised concerns about the enormous investment required to build out artificial intelligence infrastructure for AI hyperscalers like Meta.

Goldman estimated that these companies would need around $300 billion in annual AI services revenue just to break even on their capital spending and users would need to spend roughly $1 trillion in annual AI application spending for hyperscalers to generate solid returns.