Goldman Sachs has added a number of stocks to its lists of top picks for August. Called the “Conviction List – Directors’ Cut,” the lists — which are updated monthly — encompass the United States, Europe and Asia-Pacific. These lists are the bank’s “curated and active” picks of between 15 and 30 top buy-rated stocks for each region. These are three stocks that the Wall Street bank added for the month. SSE Goldman says London-listed energy company SSE will experience “multi-year growth.” It said its networks growth is underappreciated, noting that the U.K. is going through a “sizeable” increase in power network investment. That would present a “strong demand picture” ahead, the bank said. “SSE’s leading capabilities vs. peers position it well to capture this investment growth, which … extends beyond the company’s current capex plan and warrants a valuation re-rating,” said Goldman. Goldman gave the stock a price target of 2,499 pence ($31.79), or about 34% upside. Stocks in the U.K. trade in pence. Lenovo The proliferation of artificial intelligence PCs, among other factors, is set to drive a “re-acceleration” in Lenovo’s growth, together with expanding margins, Goldman said. “In addition, the contribution from general servers is improving through share gains and product mix upgrades, as well as better [graphics processing unit] supply helping with their AI server ramp up,” the bank said. Goldman gave the stock a price target of 13.98 Hong Kong dollars ($1.79), or about 46% upside. GigaDevice Specialty DRAM (dynamic random access memory) is set to be a primary driver for semiconductor firm GigaDevice , said Goldman. DRAM is a type of semiconductor memory needed for data processing, and as the use of AI grows, so will the need for memory. Goldman expects specialty DRAM to contribute between 15% and 23% of the firm’s total revenue in 2024 and 2025, respectively, and 34% and 50% of incremental net profits in those two years, respectively. That would lead to a half-on-half year net profit growth in the second half of this year, and 100% year on year for such growth in 2025, according to the bank. Goldman gave the stock a price target of 125 Chinese yuan ($17.51), or nearly 61% upside. — CNBC’s Michael Bloom contributed to this report.