Cameco shares surge 5.08% intraday as nuclear energy gains traction amid AI-driven demand and improved uranium pricing.

Cameco (CCJ) surged 5.08% intraday as strategic developments and institutional interest bolstered investor confidence. The stock’s rally coincided with reports that its Westinghouse unit is positioned for new nuclear reactor deals, signaling growth potential in the U.S. nuclear energy sector. Analysts highlighted improved uranium pricing as a key tailwind, with TD Securities maintaining a bullish stance despite short-term production challenges. Additionally, institutional activity, including a $276,000 investment by CreativeOne Wealth LLC and $323,000 by Global Retirement Partners, underscored renewed demand. These factors, combined with broader market enthusiasm for nuclear energy as a lower-risk alternative to tech stocks, drove the intraday gain. The move aligns with a narrative of long-term uranium price appreciation and secular demand growth tied to AI-driven energy needs.