<p><strong>標準普爾 500 指數</strong> 最近創下了新的歷史高點。這是由於美聯儲可能更願意降息的跡象，以及地緣政治風險因素可能緩解的跡象所推動的。</p>
<p>即使在這些新高之下，仍然有一些股票的交易價格相比於之前的估值高點被壓制，因此它們可能為長期投資者帶來巨大的回報。繼續閲讀，看看為什麼兩位《傻瓜投資》貢獻分析師認為這些股票在當前情況下顯得尤為突出，值得買入並持有。</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>圖片來源：Getty Images。</p>
<h2>AMD 股票：比高點低 32%</h2>
<p><strong>Keith Noonan（超微半導體）：</strong> 由於對公司在人工智能（AI）領域機會的興奮，<strong>超微半導體</strong>（AMD -2.59%）的股票在 2024 年 3 月創下了每股超過 211 美元的歷史高點。</p>
<p>儘管公司在這一領域仍有大量未開發的潛力，但其在數據中心圖形處理單元（GPU）方面的表現未能達到這些高峰預期。儘管 AMD 在數據中心錄得了顯著增長，但擴張速度低於最初預期，並且在這一領域仍遠遠落後於市場領導者 <strong>英偉達</strong>。</p>
<p>因此，儘管最近有所反彈，AMD 股票仍比其高點下跌了約 32%。</p>
<p>另一方面，公司的 AI 競爭前景似乎正在好轉。本月早些時候，AMD 推出了其 Instinct MI350 處理器，這是其在數據中心 GPU 市場的新一流產品。OpenAI，即 ChatGPT 背後的公司，已經成為這些處理器的買家。跡象表明，亞馬遜也可能將 MI350 納入其數據中心。</p>
<p>AMD 將在明年推出其 Instinct MI400 系列，新處理器可能幫助其在數據中心領域更好地與英偉達競爭。相反，AMD 在 AI 處理器方面並不一定需要超越英偉達，以便為長期股東帶來收益。</p>
<p>儘管 AI 在相對較短的時間內取得了驚人的進展，但該技術仍處於初期階段。包括 <strong>微軟</strong> 和 <strong>Meta Platforms</strong> 在內的科技巨頭目前佔據了整體人工智能硬件支出的很大份額，並優先考慮能夠在 AI 模型訓練中給予他們優勢的頂級處理器。目前，這意味着英偉達的處理器在整體市場中佔據主導地位，但隨着時間的推移，一些條件可能會發生變化。</p>
<p>隨着 AI 市場的持續擴展，對各種規格和價格點的處理器的需求可能會增加。與用於訓練 AI 的超高端處理器相比，實際運行人工智能應用的芯片也應占據整體市場的更大份額。這兩種動態都將使 AMD 受益，其股票應該能夠反彈並創下新高。</p>
<h2>嘉年華股票：比高點低 62%</h2>
<p><strong>Jennifer Saibil（嘉年華）：</strong> <strong>嘉年華</strong>（CCL 1.65%）曾是一隻可靠的、支付股息的市場贏家，但它是一隻罕見的股票，仍未完全從疫情中恢復。其業務已經恢復並且比以往更好，但公司有鉅額債務，這對許多投資者的投資論點造成了障礙。</p>
<p>然而，10 年後，額外的債務應該會完全償還。除非再發生全球疫情，否則嘉年華應該會蓬勃發展。</p>
<p>即使現在，它也在蓬勃發展，創下了收入和存款的新紀錄，並且預訂情況良好。它在 2024 財年第二季度（截至 5 月 31 日）表現出色，收入同比增長 9%，每股收益（EPS）超出預期，達到 0.35 美元，而華爾街預期為 0.25 美元。儘管如此，股票仍比其高點下跌了約 62%。</p>
<p>所有跡象都表明，公司的業務健康且正在增長，未來潛力巨大。第二季度的亮點包括維持高預訂水平和歷史高價，存款創下 85 億美元的新紀錄，運營收入達到 9.34 億美元。</p>
<p>嘉年華有許多新船和新設施即將推出，以創造需求並吸引客户。它將在 7 月推出新的獨家目的地慶典島，並計劃在明年推出另外兩個目的地 RelaxAway 和 Isla Tropicale。該郵輪公司計劃在未來幾年交付新船，並對一些現有船隻進行改裝。它還將在 2026 年推出新的水上樂園和新的會員計劃。</p>
<p>然而，公司的債務仍然在資產負債表上。截至第二季度末，仍有 273 億美元的總債務。嘉年華在償還債務方面做得相當高效，包括在今年以更有利的條款再融資 70 億美元，並在第二季度提前償還 3.5 億美元的高利率票據。在過去兩個季度中，它獲得了幾家信用評級機構的升級，距離投資級別僅一步之遙。</p>
<p>如果嘉年華繼續以當前的速度償還債務，幾年來將會處於歷史正常水平。一旦達到這一點，股票可能會上漲並恢復其市場領先的表現。</p>

嘉年華郵輪

<p>標準普爾 500 指數已達到新高，主要受到美聯儲可能降息和地緣政治風險緩解的推動。儘管如此，像超微半導體（AMD）和嘉年華郵輪（Carnival）這樣的股票分別比其高點下跌了 32% 和 62%。超微半導體在人工智能領域有望實現增長，推出了新產品，而嘉年華郵輪儘管負債較高，但顯示出強勁的收入增長和未來潛力。分析師推薦這兩隻股票作為長期投資者的強力買入和持有選項</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>標準普爾 500 指數</strong> 最近創下了新的歷史高點。這是由於美聯儲可能更願意降息的跡象，以及地緣政治風險因素可能緩解的跡象所推動的。</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>即使在這些新高之下，仍然有一些股票的交易價格相比於之前的估值高點被壓制，因此它們可能為長期投資者帶來巨大的回報。繼續閲讀，看看為什麼兩位《傻瓜投資》貢獻分析師認為這些股票在當前情況下顯得尤為突出，值得買入並持有。</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>圖片來源：Getty Images。</p>
</div><h2>AMD stock: 32% off its high</h2>
<div class="lb-trans"><h2>AMD 股票：比高點低 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（超微半導體）：</strong> 由於對公司在人工智能（AI）領域機會的興奮，<strong>超微半導體</strong>（AMD -2.59%）的股票在 2024 年 3 月創下了每股超過 211 美元的歷史高點。</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>儘管公司在這一領域仍有大量未開發的潛力，但其在數據中心圖形處理單元（GPU）方面的表現未能達到這些高峰預期。儘管 AMD 在數據中心錄得了顯著增長，但擴張速度低於最初預期，並且在這一領域仍遠遠落後於市場領導者 <strong>英偉達</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，儘管最近有所反彈，AMD 股票仍比其高點下跌了約 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 競爭前景似乎正在好轉。本月早些時候，AMD 推出了其 Instinct MI350 處理器，這是其在數據中心 GPU 市場的新一流產品。OpenAI，即 ChatGPT 背後的公司，已經成為這些處理器的買家。跡象表明，亞馬遜也可能將 MI350 納入其數據中心。</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 將在明年推出其 Instinct MI400 系列，新處理器可能幫助其在數據中心領域更好地與英偉達競爭。相反，AMD 在 AI 處理器方面並不一定需要超越英偉達，以便為長期股東帶來收益。</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>儘管 AI 在相對較短的時間內取得了驚人的進展，但該技術仍處於初期階段。包括 <strong>微軟</strong> 和 <strong>Meta Platforms</strong> 在內的科技巨頭目前佔據了整體人工智能硬件支出的很大份額，並優先考慮能夠在 AI 模型訓練中給予他們優勢的頂級處理器。目前，這意味着英偉達的處理器在整體市場中佔據主導地位，但隨着時間的推移，一些條件可能會發生變化。</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>隨着 AI 市場的持續擴展，對各種規格和價格點的處理器的需求可能會增加。與用於訓練 AI 的超高端處理器相比，實際運行人工智能應用的芯片也應占據整體市場的更大份額。這兩種動態都將使 AMD 受益，其股票應該能夠反彈並創下新高。</p>
</div><h2>Carnival stock: 62% off its high</h2>
<div class="lb-trans"><h2>嘉年華股票：比高點低 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（嘉年華）：</strong> <strong>嘉年華</strong>（CCL 1.65%）曾是一隻可靠的、支付股息的市場贏家，但它是一隻罕見的股票，仍未完全從疫情中恢復。其業務已經恢復並且比以往更好，但公司有鉅額債務，這對許多投資者的投資論點造成了障礙。</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 年後，額外的債務應該會完全償還。除非再發生全球疫情，否則嘉年華應該會蓬勃發展。</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>即使現在，它也在蓬勃發展，創下了收入和存款的新紀錄，並且預訂情況良好。它在 2024 財年第二季度（截至 5 月 31 日）表現出色，收入同比增長 9%，每股收益（EPS）超出預期，達到 0.35 美元，而華爾街預期為 0.25 美元。儘管如此，股票仍比其高點下跌了約 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>所有跡象都表明，公司的業務健康且正在增長，未來潛力巨大。第二季度的亮點包括維持高預訂水平和歷史高價，存款創下 85 億美元的新紀錄，運營收入達到 9.34 億美元。</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>嘉年華有許多新船和新設施即將推出，以創造需求並吸引客户。它將在 7 月推出新的獨家目的地慶典島，並計劃在明年推出另外兩個目的地 RelaxAway 和 Isla Tropicale。該郵輪公司計劃在未來幾年交付新船，並對一些現有船隻進行改裝。它還將在 2026 年推出新的水上樂園和新的會員計劃。</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，公司的債務仍然在資產負債表上。截至第二季度末，仍有 273 億美元的總債務。嘉年華在償還債務方面做得相當高效，包括在今年以更有利的條款再融資 70 億美元，並在第二季度提前償還 3.5 億美元的高利率票據。在過去兩個季度中，它獲得了幾家信用評級機構的升級，距離投資級別僅一步之遙。</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>如果嘉年華繼續以當前的速度償還債務，幾年來將會處於歷史正常水平。一旦達到這一點，股票可能會上漲並恢復其市場領先的表現。</p>
</div>

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

- 標普 500 指數創下新高，受美聯儲可能降息和地緣風險緩解影響。  
- AMD 股票較高點下跌 32%，但在 AI 領域前景向好。  
- 嘉年華公司收入創紀錄，儘管債務仍高，但未來潛力巨大。  

兩隻股票分別下跌 32% 和 62%，現在是買入並持有未來十年的好時機