<p><strong>标准普尔 500 指数</strong> 最近创下了新的历史高点。这是由于美联储可能更愿意降息的迹象，以及地缘政治风险因素可能缓解的迹象所推动的。</p>
<p>即使在这些新高之下，仍然有一些股票的交易价格相比于之前的估值高点被压制，因此它们可能为长期投资者带来巨大的回报。继续阅读，看看为什么两位《傻瓜投资》贡献分析师认为这些股票在当前情况下显得尤为突出，值得买入并持有。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMyMzMvZ2V0dHlpbWFnZXMtMTM1MjYwNzE3MC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMyMzMvZ2V0dHlpbWFnZXMtMTM1MjYwNzE3MC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>AMD 股票：比高点低 32%</h2>
<p><strong>Keith Noonan（超微半导体）：</strong> 由于对公司在人工智能（AI）领域机会的兴奋，<strong>超微半导体</strong>（AMD -2.59%）的股票在 2024 年 3 月创下了每股超过 211 美元的历史高点。</p>
<p>尽管公司在这一领域仍有大量未开发的潜力，但其在数据中心图形处理单元（GPU）方面的表现未能达到这些高峰预期。尽管 AMD 在数据中心录得了显著增长，但扩张速度低于最初预期，并且在这一领域仍远远落后于市场领导者 <strong>英伟达</strong>。</p>
<p>因此，尽管最近有所反弹，AMD 股票仍比其高点下跌了约 32%。</p>
<p>另一方面，公司的 AI 竞争前景似乎正在好转。本月早些时候，AMD 推出了其 Instinct MI350 处理器，这是其在数据中心 GPU 市场的新一流产品。OpenAI，即 ChatGPT 背后的公司，已经成为这些处理器的买家。迹象表明，亚马逊也可能将 MI350 纳入其数据中心。</p>
<p>AMD 将在明年推出其 Instinct MI400 系列，新处理器可能帮助其在数据中心领域更好地与英伟达竞争。相反，AMD 在 AI 处理器方面并不一定需要超越英伟达，以便为长期股东带来收益。</p>
<p>尽管 AI 在相对较短的时间内取得了惊人的进展，但该技术仍处于初期阶段。包括 <strong>微软</strong> 和 <strong>Meta Platforms</strong> 在内的科技巨头目前占据了整体人工智能硬件支出的很大份额，并优先考虑能够在 AI 模型训练中给予他们优势的顶级处理器。目前，这意味着英伟达的处理器在整体市场中占据主导地位，但随着时间的推移，一些条件可能会发生变化。</p>
<p>随着 AI 市场的持续扩展，对各种规格和价格点的处理器的需求可能会增加。与用于训练 AI 的超高端处理器相比，实际运行人工智能应用的芯片也应占据整体市场的更大份额。这两种动态都将使 AMD 受益，其股票应该能够反弹并创下新高。</p>
<h2>嘉年华股票：比高点低 62%</h2>
<p><strong>Jennifer Saibil（嘉年华）：</strong> <strong>嘉年华</strong>（CCL 1.65%）曾是一只可靠的、支付股息的市场赢家，但它是一只罕见的股票，仍未完全从疫情中恢复。其业务已经恢复并且比以往更好，但公司有巨额债务，这对许多投资者的投资论点造成了障碍。</p>
<p>然而，10 年后，额外的债务应该会完全偿还。除非再发生全球疫情，否则嘉年华应该会蓬勃发展。</p>
<p>即使现在，它也在蓬勃发展，创下了收入和存款的新纪录，并且预订情况良好。它在 2024 财年第二季度（截至 5 月 31 日）表现出色，收入同比增长 9%，每股收益（EPS）超出预期，达到 0.35 美元，而华尔街预期为 0.25 美元。尽管如此，股票仍比其高点下跌了约 62%。</p>
<p>所有迹象都表明，公司的业务健康且正在增长，未来潜力巨大。第二季度的亮点包括维持高预订水平和历史高价，存款创下 85 亿美元的新纪录，运营收入达到 9.34 亿美元。</p>
<p>嘉年华有许多新船和新设施即将推出，以创造需求并吸引客户。它将在 7 月推出新的独家目的地庆典岛，并计划在明年推出另外两个目的地 RelaxAway 和 Isla Tropicale。该邮轮公司计划在未来几年交付新船，并对一些现有船只进行改装。它还将在 2026 年推出新的水上乐园和新的会员计划。</p>
<p>然而，公司的债务仍然在资产负债表上。截至第二季度末，仍有 273 亿美元的总债务。嘉年华在偿还债务方面做得相当高效，包括在今年以更有利的条款再融资 70 亿美元，并在第二季度提前偿还 3.5 亿美元的高利率票据。在过去两个季度中，它获得了几家信用评级机构的升级，距离投资级别仅一步之遥。</p>
<p>如果嘉年华继续以当前的速度偿还债务，几年来将会处于历史正常水平。一旦达到这一点，股票可能会上涨并恢复其市场领先的表现。</p>

嘉年华邮轮

<p>标准普尔 500 指数已达到新高，主要受到美联储可能降息和地缘政治风险缓解的推动。尽管如此，像超微半导体（AMD）和嘉年华邮轮（Carnival）这样的股票分别比其高点下跌了 32% 和 62%。超微半导体在人工智能领域有望实现增长，推出了新产品，而嘉年华邮轮尽管负债较高，但显示出强劲的收入增长和未来潜力。分析师推荐这两只股票作为长期投资者的强力买入和持有选项</p>

<p>The <strong>S&amp;P 500</strong> index recently set a new record high. This was driven by indications that the Federal Reserve may be more willing to cut interest rates as well as signs that geopolitical risk factors may be easing.</p>
<div class="lb-trans"><p><strong>标准普尔 500 指数</strong> 最近创下了新的历史高点。这是由于美联储可能更愿意降息的迹象，以及地缘政治风险因素可能缓解的迹象所推动的。</p>
</div><p>Even with these new highs, there are still attractive stocks trading at beaten-down prices compared to previous valuation highs -- and so they could deliver huge returns for long-term investors. Read on to see why two Motley Fool contributing analysts think these stocks stand out as strong buy-and-hold plays right now.</p>
<div class="lb-trans"><p>即使在这些新高之下，仍然有一些股票的交易价格相比于之前的估值高点被压制，因此它们可能为长期投资者带来巨大的回报。继续阅读，看看为什么两位《傻瓜投资》贡献分析师认为这些股票在当前情况下显得尤为突出，值得买入并持有。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMyMzMvZ2V0dHlpbWFnZXMtMTM1MjYwNzE3MC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823233%2Fgettyimages-1352607170.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>AMD stock: 32% off its high</h2>
<div class="lb-trans"><h2>AMD 股票：比高点低 32%</h2>
</div><p><strong>Keith Noonan (Advanced Micro Devices):</strong> Spurred by excitement surrounding the company's opportunities in the artificial intelligence (AI) space, <strong>Advanced Micro Devices</strong>(AMD -2.59%) stock hit a record high of over $211 per share in March 2024.</p>
<div class="lb-trans"><p><strong>Keith Noonan（超微半导体）：</strong> 由于对公司在人工智能（AI）领域机会的兴奋，<strong>超微半导体</strong>（AMD -2.59%）的股票在 2024 年 3 月创下了每股超过 211 美元的历史高点。</p>
</div><p>While the company still has plenty of untapped potential for wins in the category, the business's performance in graphics processing units (GPUs) for data centers fell short of those peak expectations. Even though AMD recorded significant growth in the data center, expansion was slower than initially anticipated -- and the business continued to lag far behind market-leader <strong>Nvidia</strong> in the category.</p>
<div class="lb-trans"><p>尽管公司在这一领域仍有大量未开发的潜力，但其在数据中心图形处理单元（GPU）方面的表现未能达到这些高峰预期。尽管 AMD 在数据中心录得了显著增长，但扩张速度低于最初预期，并且在这一领域仍远远落后于市场领导者 <strong>英伟达</strong>。</p>
</div><p>As a result, AMD stock is still down roughly 32% from its high, even after a recent rally.</p>
<div class="lb-trans"><p>因此，尽管最近有所反弹，AMD 股票仍比其高点下跌了约 32%。</p>
</div><p>On the other hand, things appear to be looking up for the company in the AI race. Earlier this month, AMD launched its Instinct MI350 processors, its new top-of-the-line offering in the data center GPU market. OpenAI, the company behind ChatGPT, is already a buyer of the processors. Signs suggest that Amazon also may be incorporating the MI350 into its data centers.</p>
<div class="lb-trans"><p>另一方面，公司的 AI 竞争前景似乎正在好转。本月早些时候，AMD 推出了其 Instinct MI350 处理器，这是其在数据中心 GPU 市场的新一流产品。OpenAI，即 ChatGPT 背后的公司，已经成为这些处理器的买家。迹象表明，亚马逊也可能将 MI350 纳入其数据中心。</p>
</div><p>AMD will be launching its Instinct MI400 line next year, and the new processor could help it better compete with Nvidia in the data center space. Conversely, AMD doesn't necessarily need to beat Nvidia when it comes to AI processors in order to deliver wins for long-term shareholders.</p>
<div class="lb-trans"><p>AMD 将在明年推出其 Instinct MI400 系列，新处理器可能帮助其在数据中心领域更好地与英伟达竞争。相反，AMD 在 AI 处理器方面并不一定需要超越英伟达，以便为长期股东带来收益。</p>
</div><p>While AI has grown by incredible leaps and bounds in a relatively short period of time, the technology is still in its infancy. Tech giants, including <strong>Microsoft</strong> and <strong>Meta Platforms</strong>, currently account for a large share of overall artificial-intelligence hardware spending and are prioritizing top-of-the-line processors that can give them an edge in AI model training. Right now, this means that Nvidia's processors are dominating the overall market -- but some conditions will likely change with time.</p>
<div class="lb-trans"><p>尽管 AI 在相对较短的时间内取得了惊人的进展，但该技术仍处于初期阶段。包括 <strong>微软</strong> 和 <strong>Meta Platforms</strong> 在内的科技巨头目前占据了整体人工智能硬件支出的很大份额，并优先考虑能够在 AI 模型训练中给予他们优势的顶级处理器。目前，这意味着英伟达的处理器在整体市场中占据主导地位，但随着时间的推移，一些条件可能会发生变化。</p>
</div><p>As the AI market continues to expand, there will likely be increased demand for processors across a wider range of specs and price points. Compared to ultra-high-end processors used to train AIs, chips used for actually running artificial intelligence applications should also come to account for a larger part of the overall market. Both of these dynamics stand to benefit AMD, and its stock should be able to bounce back and set a new high.</p>
<div class="lb-trans"><p>随着 AI 市场的持续扩展，对各种规格和价格点的处理器的需求可能会增加。与用于训练 AI 的超高端处理器相比，实际运行人工智能应用的芯片也应占据整体市场的更大份额。这两种动态都将使 AMD 受益，其股票应该能够反弹并创下新高。</p>
</div><h2>Carnival stock: 62% off its high</h2>
<div class="lb-trans"><h2>嘉年华股票：比高点低 62%</h2>
</div><p><strong>Jennifer Saibil (Carnival):</strong> <strong>Carnival</strong>(CCL 1.65%) was once a dependable, dividend-paying market beater, but it's a rare stock that still hasn't completely recovered from the pandemic. Its business is back and better than ever, but the company has massive debt that's getting in the way of a solid investing thesis for many investors.</p>
<div class="lb-trans"><p><strong>Jennifer Saibil（嘉年华）：</strong> <strong>嘉年华</strong>（CCL 1.65%）曾是一只可靠的、支付股息的市场赢家，但它是一只罕见的股票，仍未完全从疫情中恢复。其业务已经恢复并且比以往更好，但公司有巨额债务，这对许多投资者的投资论点造成了障碍。</p>
</div><p>However, 10 years from now, the extra debt should be completely paid off. Short of another global pandemic, Carnival should be thriving.</p>
<div class="lb-trans"><p>然而，10 年后，额外的债务应该会完全偿还。除非再发生全球疫情，否则嘉年华应该会蓬勃发展。</p>
</div><p>It's thriving even now, with record revenue and deposits and an excellent booked position. It had a blowout fiscal second quarter (ended May 31), with a 9% increase in revenue year over year, and earnings per share (EPS) crushed expectations, coming in at $0.35, when Wall Street was expecting $0.25. Even so, the stock is still down roughly 62% from its high.</p>
<div class="lb-trans"><p>即使现在，它也在蓬勃发展，创下了收入和存款的新纪录，并且预订情况良好。它在 2024 财年第二季度（截至 5 月 31 日）表现出色，收入同比增长 9%，每股收益（EPS）超出预期，达到 0.35 美元，而华尔街预期为 0.25 美元。尽管如此，股票仍比其高点下跌了约 62%。</p>
</div><p>All signs point to a healthy, growing business with lots of future potential. Highlights from the second quarter include maintaining its high booking positions and historically high prices, another record high in deposits of $8.5 billion, and record operating income of $934 million.</p>
<div class="lb-trans"><p>所有迹象都表明，公司的业务健康且正在增长，未来潜力巨大。第二季度的亮点包括维持高预订水平和历史高价，存款创下 85 亿美元的新纪录，运营收入达到 9.34 亿美元。</p>
</div><p>Carnival has plenty of new ships and features on the way to generate demand and keep customers coming. It's launching its new, exclusive destination, Celebration Key, in July, and has two more, RelaxAway and Isla Tropicale, on schedule for release next year. The cruise company has new ships scheduled for delivery in the next few years and is refitting some of its existing ones. It's also launching a new, onboard waterpark and rolling out a new membership program in 2026.</p>
<div class="lb-trans"><p>嘉年华有许多新船和新设施即将推出，以创造需求并吸引客户。它将在 7 月推出新的独家目的地庆典岛，并计划在明年推出另外两个目的地 RelaxAway 和 Isla Tropicale。该邮轮公司计划在未来几年交付新船，并对一些现有船只进行改装。它还将在 2026 年推出新的水上乐园和新的会员计划。</p>
</div><p>The company's debt, however, is still sitting on the balance sheet. As of the end of the second quarter, it still had $27.3 billion in total debt. Carnival has done an efficient job of paying it off so far, including refinancing $7 billion this year at more favorable terms and prepaying another $350 million in higher-interest rate notes in the second quarter. It got several upgrades from credit agencies over the past two quarters and is a notch away from being investment grade with two of them.</p>
<div class="lb-trans"><p>然而，公司的债务仍然在资产负债表上。截至第二季度末，仍有 273 亿美元的总债务。嘉年华在偿还债务方面做得相当高效，包括在今年以更有利的条款再融资 70 亿美元，并在第二季度提前偿还 3.5 亿美元的高利率票据。在过去两个季度中，它获得了几家信用评级机构的升级，距离投资级别仅一步之遥。</p>
</div><p>If Carnival continues paying off its debt at current rates, it should be well within historical norms in just a few years from now. Once it reaches that, the stock will likely rise and go back to its market-beating performance.</p>
<div class="lb-trans"><p>如果嘉年华继续以当前的速度偿还债务，几年来将会处于历史正常水平。一旦达到这一点，股票可能会上涨并恢复其市场领先的表现。</p>
</div>

2 Stocks Down 32% and 62% to Buy Right Now and Hold for the Next Decade

- 标普 500 指数创下新高，受美联储可能降息和地缘风险缓解影响。  
- AMD 股票较高点下跌 32%，但在 AI 领域前景向好。  
- 嘉年华公司收入创纪录，尽管债务仍高，但未来潜力巨大。  

两只股票分别下跌 32% 和 62%，现在是买入并持有未来十年的好时机