"Analyst Love Boosts Super Micro Computer Stock Ahead of GTC 2024"

Ahead of Nvidia's GTC conference for AI developers, BofA Securities raised its price targets on Nvidia and Super Micro Computer stocks, anticipating potential catalysts for both companies. Nvidia's GTC conference, dubbed "AI Woodstock," is expected to showcase its extensive product pipeline across AI accelerators, Ethernet switches, data center hardware, PC gear, software, and services, with the potential to re-architect a significant portion of global computing infrastructure. Super Micro Computer is seen as well positioned to benefit from the growing AI server market, with expectations of industry sales of AI servers to grow substantially in the coming years.