14 Stocks on Jim Cramer’s Radar: Nokia, Cameco, and AI Stocks’ Dip

12. Cameco Corporation (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) was among the stocks on Jim Cramer’s Mad Money radar as he discussed the recent sell-off in AI-related stocks. During the lightning round, a caller queried about the stock, and Cramer responded:

I like CCJ because it’s a real uranium company. It’s not a mock uranium company that a lot of other people have come up with. You’ve got a winner in CCJ.

Cameco Corporation (NYSE:CCJ) produces and supplies uranium and nuclear fuel used in electricity generation. Additionally, it offers reactor technology, engineering support, and maintenance services. Hardman Johnston Global Equity Strategy stated the following regarding Cameco Corporation (NYSE:CCJ) in its fourth quarter 2025 investor letter:

During the quarter we initiated positions in Cameco Corporation (NYSE:CCJ), Citigroup Inc., Elanco Animal Health, Inc., HDFC Bank Ltd., and Vertiv Holdings Co. We initiated a position in Cameco Corp., a vertically integrated global leader in uranium mining and fuel services. With its 49% stake in Westinghouse acquired in 2023, the company moved further downstream and holds key nuclear technology which is employed on approx. half of the global nuclear installed base. Since Russia’s Ukraine invasion, countries have been shifting uranium and fuel sourcing away from Russia, and Cameco is well-poised to benefit from this structural shift. Furthermore, with the emergence of AI and its vast energy needs, nuclear development has been reinvigorated globally due to its low carbon merits and stable base load power. In Oct 2025, Westinghouse signed a landmark agreement with the U.S. Department of Commerce to support at least US$80bn of new nuclear reactor construction to start by 2030. Along with a more favorable regulatory backdrop for permitting, we believe this materially increases the earnings power of Cameco. Given the structural nature of the Westinghouse agreement and the potential for a broader global nuclear investment cycle, we are excited about the prospects for Cameco.