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

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

Even with these new highs, there are still attractive stocks trading at beaten-down prices compared to previous valuation highs -- and so they could der 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

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While the company still has plenty of untapped potential for wins in the category, the 's performance in graphics cessing 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 continued to lag far behind market-leader Nvidia in the category

On the other hand, things appear to be looking up for the company in the AI race

OpenAI, the company behind ChatGPT, is already a buyer of the cessors

Conversely, AMD doesn't necessarily need to beat Nvidia when it comes to AI cessors in order to der wins for long-term holders

While AI has grown by incredible leaps and bounds in a relatively short period of time, the nology is still in its infancy

Giants, including Microsoft and Meta Platforms, currently account for a large of overall artificial-intelligence hardware spending and are prioritizing top-of-the-line cessors that can give them an edge in AI model training

Right now, this means that Nvidia's cessors are dominating the overall market -- but some conditions will ly change with time

As the AI market continues to expand, there will ly be increased demand for cessors across a wider range of specs and price points

Compared to ultra-high-end cessors 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

Its is back and better than ever, but the company has massive debt that's getting in the way of a solid thesis for many investors

However, 10 years from now, the extra debt should be completely paid off

Short of another global pandemic, Carnival should be thriving

It's thriving even now, with record revenue and deposits and an excellent booked position

All signs point to a healthy, growing with lots of future potential

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 dery in the next few years and is refitting some of its existing ones

The company's debt, however, is still sitting on the balance sheet

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

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 ly rise and go back to its market-beating performance

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors

Jennifer Saibil has no position in any of the stocks mentioned

Keith Noonan has no position in any of the stocks mentioned

The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, Microsoft, and Nvidia

The Motley Fool recommends Carnival Corp

The Motley Fool has a disclosure policy.