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Energy Fuels (UUUU) Stock Up Slightly After Jim Cramer Said He Wouldn’t Go Against It

Energy Fuels Inc. (NYSE:UUUU) is one of Jim Cramer’s Hottest Nuclear Energy Stock Picks, Hits & Misses. Energy Fuels Inc. (NYSE:UUUU) is a uranium mining company headquartered in Lakewood, Colorado. Its shares are up by 297% over the past year and by 15% since Cramer discussed them on Mad Money. During this time period, Energy Fuels Inc. (NYSE:UUUU)’s stock has peaked twice. The shares first surged by 68% between September 22nd and October 14th. During this period, investor interest grew in rare earth metal stocks due to trade tensions between the US and China. Additionally, investment firm B. Riley also upgraded Energy Fuels Inc. (NYSE:UUUU)’s share price target to $22 from $11. From October 14th to the year’s close, the stock dipped by 45%. Year to date, they are up by 3.4%. As he discussed the firm in Mad Money, Cramer asserted that he would not go against Energy Fuels Inc. (NYSE:UUUU) despite the high share price:

AlexKZ/Shutterstock.com

“Okay, I’m going to give you this straight on, on Energy Fuels. Remember what I said about Oklo when it was at 33, I said, I will not go against any uranium or nuclear stock. This one’s at its 52-week high, and I still would not go against it, and I’ve been behind this one a long, long time.”

While we acknowledge the risk and potential of UUUU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UUUU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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