Uranium's Climb to $89 Adds Fuel to a Tracker's Cameco Bet

The AI Natural Resources tracker's CCJ stake, about 10.5% of the portfolio, gets a lift. Uranium near $89/lb (highest since February) plus a widening supply deficit and AI power demand keep Cameco's tailwind intact. Analysts still see prices heading higher, with BofA targeting $130/lb in 2027.