Oh, how the mighty have fallen. And quite frankly, it’s not even a result of poor performance. But rather, just investor sentiment.

Cameco (TSX: CCO) is down over 29% since it’s all time highs recorded in December. And year to date, it’s down over 17%. And that’s after delivering pretty well on every bit of guidance it issued. Including uranium production, and even adjusted EBITDA contributions from Westinghouse.

But some bad press on Inkai, and China claiming AI only needs a fraction of current AI power levels, and well, Cameco has come crashing down. Just how she goes sometimes.

Let’s dive in.

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