CCOE.TO is trading at CA$8.25 (-4.92%) as Cameco remains under pressure after its Q3 earnings miss. - Cameco also faced a Key Lake production disruption and narrowed its 2026 delivery guidance. - Broader risk rotation is pressuring AI-related and semiconductor shares amid concerns about tighter regulation after the U.S. midterm election results. - These market headwinds accompany, rather than replace, the uranium-specific Cameco catalyst.