(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. Elsewhere, analysts were positive on Snowflake and Taiwan Semiconductor.
Check out the latest calls and chatter below. All times ET. 6:50 a.
m. Bernstein expects Taiwan Semiconductor Manufacturing to see rapid earnings, revenue growth Taiwan Semiconductor Manufacturing is on track to see strong growth in the next couple of years, according to Bernstein analyst Mark Li. Li maintained his outperform rating on the chipmaker and lifted his price target by $20 to $220, which implies 26% potential upside.
Shares have raced ahead this year, gaining more than 67%. "Expecting no notable damage from the Blackwell delay (report), we expect strong N3 & N4/5 demand from data center AI & high-end smartphone to offset the slow recovery of older nodes," Li wrote in a Monday note, adding that the stock's valuation appears "attractive." TSM YTD line Taiwan Semiconductor shares Intel outsourcing its production to Taiwan Semiconductor will also contribute to more growth this year, he said.
According to the analyst, the company will expan.