Can I upgrade my processor?

You can't upgrade you processor to ANY Intel processor. Since this is a laptop, most likely is that your CPU is soldered in. Your graphics is built into the CPU. There is also no graphics upgrade. You will have to replace the laptop.
 


But doesn't it have the option to upgrade the graphics processor? I might have posted it wrong earlier.. But it has a r5 m330 discrete card.. Could I upgrade it to run games at atleast low settings?

 


A discrete GPU in a laptop is not the same as a discrete GPU in a desktop. It is still built into the laptop motherboard.
In almost all cases, they are not changeable. Your HP is one of the vast majority that is not.