Jim Cramer When Asked About Uranium Energy Corp.: ""I Like Nuclear"

Uranium Energy Corp. (NYSE:UEC) is one of the stocks Jim Cramer shed light on. When a caller inquired about the company, Cramer commented:

“I like nuclear… Do I care that it’s up in a straight line? Not anymore. No. Because like Oklo, when I bought that, I told you, buy that Oklo, doubled. I want money to be made. That’s what I’m here for.”

Uranium Energy Corp. (NYSE:UEC) explores, extracts, and processes uranium and titanium concentrates, holding a broad portfolio of mining projects and processing facilities. A caller sought Cramer’s advice regarding the company stock in February, and he replied:

“No, I, I, you know, I think that uranium, we all felt that there was so much business from the data centers but you know what? You’re in the one that is for long-term good. That’s the one you’re okay in… So I’m not gonna tell you to sell it down here. Can’t tell you to buy it though.”

Since the above comment, Uranium Energy Corp. (NYSE:UEC) stock is up by nearly 90%.

While we acknowledge the potential of UEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.