On the eve of Nvidia's annual GTC event (scheduled to be held on March 18), Bank of America analysts are interested in raising their interest$NVIDIA (NVDA.US)$und$Super Micro Computer (SMCI.US)$Target price. The two companies became the focus of market attention on Wednesday.

Nvidia

Analysts led by Vivek Arya wrote in an investor report that GTC, also known as “AI Woodstock,” is expected to be a time for the company led by Hwang In-hoon to demonstrate the “growing influence” of generative artificial intelligence (AI), as well as the impact of its Omniverse platform and digital twin technology in a broader end market. According to reports, Omniverse is a platform launched by Nvidia. It is a real-time collaboration and simulation environment created specifically for designers and developers.

The bank's analysts reaffirmed Nvidia's “buy” rating and raised the target price from $925 to $1,100. By Wednesday's close, the stock closed down 1.12% to $908.88.

According to the analyst mentioned above, the global AI accelerator market may reach between 250 billion and 500 billion US dollars in the next three to five years, higher than the previous forecast of less than 250 billion US dollars. According to Wccftech, Nvidia dominates this field, with an estimated 90% market share.

Additionally, Nvidia may also showcase updates to its pipeline, including its B1000 and N100 chips, as well as Ethernet switches and its plans for edge AI to bring AI to devices such as PCs and mobile phones.

Other updates may include monetization news for Nvidia's software and services, including its DGX Cloud. Nvidia may also provide news about its automotive and gaming sector, as well as additional use cases and demands from businesses and sovereign entities such as countries or regions around the world.

Ultramicrocomputer

Bank of America analysts said that ultra-microcomputers are “in an advantageous position” in the AI server market thanks to their relationships with Nvidia and other semiconductor companies such as AMD (AMD.US) and Intel (INTC.US).

Analysts led by Ruplu Bhattacharya wrote in an investor report: “The competitive advantages of ultra-microcomputers include building block architectures that help rapidly integrate new technology and reduce time to market, relationships with leading AI CPU/GPU/ASIC vendors (including Intel, Nvidia, and AMD), and their ability to tailor configurations for specific customer applications and their liquid cooling products.”

As a result, the bank's analysts also reaffirmed their “buy” rating for ultra-microcomputers and raised the target price from $1,040 to $1,280. By Wednesday's close, the stock closed up 2.16% to $1188.07.

Editor/Jeffrey