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

Group 1 - The share price of Cameco Corporation (NYSE:CCJ) surged by 9.68% between January 22 and January 29, 2026, making it one of the top-performing energy stocks for that week [1] - Cameco hit an all-time high on January 28, 2026, driven by a rapid increase in uranium prices, which are currently over $101 per pound, the highest since February 2024, due to expectations of long-term high demand [2] - The uranium sector gained attention following the Trump administration's plans to increase nuclear energy capacity and reduce regulations for new nuclear power plants, along with funding for local uranium suppliers to enhance energy security and decrease reliance on Russian imports [3] Group 2 - Over the past year, Cameco's share price has increased nearly 166%, indicating strong performance in the market [4] - While Cameco shows potential as an investment, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]