Goldman Sachs has added several stocks to its list of top picks for August. Known as the “Conviction List – Director's Cut,” the lists are updated monthly and cover the United States, Europe and Asia-Pacific. The lists are “carefully selected and actively” selected by the bank of the 15 to 30 highest-rated stocks in each region. Here are three new stocks added by Wall Street banks this month. Shanghai Stock Exchange Goldman Sachs said London-listed energy company SSE will experience “multiple years of growth”. The company said its network growth was underestimated, noting that the UK was experiencing a “significant” increase in investment in electricity networks. The bank said this would present a “strong demand outlook”. “SSE's ability to outperform its peers puts it well-positioned to capture this investment growth, which … is beyond the company's current capital expenditure plans and warrants a re-rating,” Goldman Sachs said, setting a price target on the stock. It was 2,499 pence ($31.79), an increase of about 34%. UK shares trade in pennies. Goldman Sachs said factors such as the popularity of artificial intelligence personal computers will drive Lenovo's growth to “reaccelerate” while profit margins continue to expand. “In addition, contribution from general-purpose servers is improving through share growth and product portfolio upgrades, as well as better (graphics processing unit) supply to aid the development of its artificial intelligence servers,” the bank said. Goldman Sachs set a price target on the stock It was HK$13.98 (US$1.79), an increase of about 46%. Goldman Sachs said that GigaDevice Specialty DRAM (dynamic random access memory) will become the main driving force for semiconductor company GigaDevice. DRAM is a semiconductor memory required for data processing. As the use of artificial intelligence continues to grow, the demand for memory will also increase. Goldman Sachs predicts that specialty DRAM will account for 15% to 23% of the company's total revenue in 2024 and 2025, respectively, and 34% and 50% of incremental net profit in these two years. The bank said this will result in net profit increasing by half in the second half of this year and achieving 100% annual growth in 2025. Goldman Sachs set a price target for the stock at 125 yuan ($17.51), representing an increase of nearly 61%. —CNBC’s Michael Bloom contributed to this report.