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Core Scientific, Inc. (CORZ) CEO Adam Sullivan joins Catalysts to discuss the company's growth outlook following its disappointing fourth quarter results.
Sullivan characterizes Core Scientific as undergoing "a long-term transition" while emphasizing that "from a long-term basis, Core Scientific is in a stronger position than ever." He highlights the company's focus on expanding to new locations and attracting new clients.
"Power is going to compute," Sullivan tells Yahoo Finance, adding, "We are a part of that trend, and we are going to be a major growth factor to help facilitate bringing more compute online for all types of use cases — not just artificial intelligence."
Sullivan points to "a broader adoption of AI" among hyperscalers as evidence that "we're at the very early stages of the growth trend."
He predicts, "We're going to start to see this ramp significantly over time as everything we interact with on a daily basis is going to be touching a data center soon ... that's one of the most important things to note," concluding that "this is really going to be a 5-, 10-, 20-year bull cycle of continuing to develop compute."
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This post was written by Angel Smith