(Here’s CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to see the latest posts.) Nvidia and two electric vehicle makers were the focus of an analyst chat on Tuesday. Baird named Nvidia the top AI/machine learning play, calling for shares to rise more than 20%. Meanwhile, Goldman Sachs noted that Tesla and Rivian need to be cautious when reducing prices. Check out the latest calls and chats below. All times ET. 6:28 a.m.: JPMorgan upgrades Sea Limited after the company turned profitable last year JPMorgan expects Southeast Asian tech giant Sea to continue to generate higher earnings. Analyst Ranjan Sharma upgraded the internet services company to neutral from neutral and increased his price target by $27 to $70, implying 29.9% upside potential for the stock. Shares added nearly 2% in premarket trading after the company reported its first profitable year, sending the stock 5.6% higher on Monday. “In the current competitive environment, SE will likely continue to increase commissions while reducing sales and marketing spend intensity,” Sharma wrote in a note Tuesday. “However, we believe high adoption rates could lead to volatility in earnings expectations with changes in the competitive environment.” Sharma advised investors to trade on changes in stock prices that he believes will be volatile and said he believes earnings expectations will likely lead to positive earnings revisions in the near future. In the coming time, mainly due to e-commerce growth. He noted that the company’s gaming guide was also a “positive surprise.” The company has guided Free Fire players and total bookings increased by double digits this year. – Pia Singh 6:07 am: Morgan Stanley downgrades Sunnova, cuts price target Despite growing uncertainty surrounding Sunnova’s growth case, Morgan Stanley thinks the company’s trading at a discount has can generate high profits. Analyst Andrew Percoco downgraded the stock to “overweight” and cut his price target from $10 to $14, which still suggests nearly 103% upside potential for the stock. “We believe there is a large arbitrage between NOVA’s share price and the value of the company’s asset base, but we see a less clear path to realizing that value in the near future,” the analyst wrote. The next 12 months, leading to the decision to downgrade our stock rating.” in a note Monday. NOVA YTD NOVA mountains year-to-date Percoco said he expects a “volatile and challenging near-term trading environment” for the stock as the market absorbs the funding structure and generates cash flow Sunnova’s freedom. Bullish catalysts for the stock include lower interest rates – which tend to support financing of residential solar projects – and Sunnova’s implementation of its 2025 cash generation guidance of between 200 to 500 million USD. Sunnova shares are down more than 55% year-to-date and about 62.2% over the past year. – Pia Singh 5:45 a.m.: Baird calls Nvidia a top AI/ML idea, thinks shares could rise more than 20% Nvidia and several big tech companies, including Amazon and Meta Platforms, are included Baird’s updated top ideas on artificial intelligence and machine learning. “While the impact of AI varies across sectors, we believe the AI tidal wave is still in its early stages,” analyst Tristan Gerra wrote in a note Tuesday. “So we are updating our list of companies that we believe have advanced AI capabilities and/or will be the biggest beneficiaries of the development of AI-powered applications. ” Gerra noted that Nvidia was one of the earliest beneficiaries of the AI momentum, but its growth rate “more than lives up to the hype.” Baird’s $1,050 price target suggests the stock could still rise more than 23%. Nvidia shares, up more than 72% this year, fell 1.2% in premarket trading. Meta is a new addition to Baird’s top picks. The company credits owner Facebook as a leader in general AI infrastructure alongside Amazon and Google, and says it is rapidly improving its general AI capabilities and is well positioned to continue. Continue building AI into customer-facing applications. Baird’s $525 price target implies 5.4% upside potential for Meta stock. Shares are up more than 40% this year and were down about 0.7% in pre-market trading Tuesday. – Pia Singh 5:45 a.m.: Tesla and Rivian need to be more selective in price cuts, Goldman says Goldman Sachs says Tesla and Rivian need to be careful with price cuts. “Our analysis suggests that Tesla and Rivian should aim for additional price reductions in the US at a faster rate than cost reductions, with the Model 3/Y already affordable to many consumers.” US consumers and Rivian typically sell to less price-sensitive consumers at ~Writes analyst Mark Delaney. “Although our analysis shows that a 1% price reduction typically correlates with volume increases in the low single digits in the main part of the market, we estimate that widespread incremental price reductions for the Model 3/Y will have a negative impact on dollar margins at least in the short term. term,” he added. Electric vehicle manufacturers have struggled recently as consumers choose more internal combustion engine vehicles and hybrid vehicles. Rivian is down more than 53% this year, while Tesla has lost 24%.TSLA RIVN YTD Mountain RIVN and TSLA year-to-date Delaney has a neutral rating on both stocks. His Tesla target of $220 implies a 17% upside, while his $13 forecast Mr. Rivian points to a 19% increase from here. — Fred Imbert