Cameco (CCJ) Hit an All-Time High This Week. Here is Why

Cameco Corporation (NYSE:CCJ) is 1 of the largest planetary providers of uranium substance to powerfulness the ongoing atomic vigor renaissance.

Cameco Corporation (NYSE:CCJ) continued its rally and deed an all-time precocious connected January 28 aft a accelerated surge successful the terms of the atomic fuel. Uranium futures successful the US are presently hovering astatine implicit $101 per pound, the highest since February 2024, connected bets of precocious request successful the agelong term.

Uranium has been successful the spotlight since past twelvemonth aft the Trump medication announced plans to importantly rise America’s atomic vigor capableness and chopped regulations for the operation of caller atomic powerfulness plants. Moreover, the authorities announced backing for section suppliers and enrichers of uranium to guarantee the country’s vigor information and trim reliance connected imports from Russia.

Following the caller uptick, the stock terms of Cameco Corporation (NYSE:CCJ) has gained astir 166% implicit the past year.

While we admit the imaginable of CCJ arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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