(This is CNBC Pro’s live coverage of Monday analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) After a tough run lower in July, Nvidia has rebounded and still has more room to run according to analysts at Goldman Sachs. The firm upgraded the tech giant for its position as a leader in cloud computing. At the same time, Morgan Stanley has taken a dimmer look at HP, seeing limitations ahead for the computing company. Check out the latest calls and chatter below. All times ET. Goldman remains buy-rated on Nvidia, cites chipmaker’s ‘robust competitive position in AI’ Goldman Sachs remains bullish on Nvidia even as some investors have grown skeptical of the ballooning AI trade, saying the stock has a “compelling risk/reward” profile ahead of earnings. Analyst Toshiya Hari reiterated his buy rating on the chipmaker and kept the stock on his conviction list ahead of Nvidia’s quarterly results scheduled for after the bell on Aug. 28. His $135 price target implies 8.4% potential upside for the stock, which has jumped more than 150% this year. NVDA YTD line Nvidia stock performance “Importantly, we believe customer demand across the large Cloud Service Providers and enterprises is strong and Nvidia’s robust competitive position in AI/accelerated computing remains intact,” Hari said in a Sunday note. Although the analyst noted that the reported delay in Nvidia’s next-generation GPU Blackwell shipments could lead to some near-term volatility in its share price fundamentals, he expects the management commentary — as well as supply-chain data points over the coming weeks — to boost confidence in Nvidia’s 2025 earnings power. — Pia Singh HP has limited outperformance ahead, Morgan Stanley says Morgan Stanley thinks HP ‘s growth catalysts are now priced into the stock. Analyst Erik Woodring downgraded the computing company to equal weight from overweight in a Monday note, but kept his price target of $37, which implies about 8.5% potential upside for shares. This year, the stock has added 19.3%, just surpassing the broader market’s gains. “We see limited upside to valuation with HPQ trading ~1 standard deviation above its historical average, and limited upside to FY25-26 estimates as the PC market recovery and improving print hardware trajectory are largely priced in,” the analyst said. Although he remains a “PC market bull,” Woodring expects a slightly weaker second half of the year for the PC market due to slow consumer PC and back-to-school demand and little signs of restocking demand from the PC and semi supply chain, among other factors. A softer second half adds to the risk of HP’s personal systems business growing below normal seasonality levels in the following quarter, he said. — Pia Singh
