Oklo (OKLO) reported Q1 earnings and provided several key operational updates, including that it completed borehole drilling for site characterization work at Idaho National Laboratory for its first Aurora Powerhouse, B. Riley tells investors in a research note. The firm notes that OpenAI CEO Sam Altman last month stepped down as chairman of Oklo’s board, and says this move could accelerate Oklo’s ability to work with OpenAI by avoiding a conflict of interest in discussions between the companies. B. Riley sees a potential OpenAI deal as a meaningful positive catalyst for the stock. The firm has a Buy rating and $58 price target on Oklo shares.
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