Oklo (OKLO) and Blykalla Expand Partnership to Advance Fast Reactor Commercialization

Oklo Inc. (NYSE:OKLO) is one of the 10 Best AI Pick-and-Shovel Stocks to Buy. On March 29, 2026, Oklo Inc. (NYSE:OKLO) and Blykalla AB announced an expansion of their transatlantic partnership to advance fast reactor commercialization. CEO Jacob DeWitte said the collaboration aims to “bring more power plants online more quickly,” with planned workstreams including support for Oklo’s U.S. Department of Energy-authorized reactor pilot project and potential fast-neutron irradiation testing using Oklo’s powerhouses.

On March 25, 2026, UBS lowered the price target on Oklo Inc. (NYSE:OKLO) to $60 from $95 previously and maintained a Neutral rating on the shares. UBS said it remains cautiously optimistic on U.S. nuclear development but cited concerns around capital requirements, potential delays, and cost overruns.

Meanwhile, B. Riley lowered its price target on Oklo to $92 from $129 and maintained a Buy rating, noting progress across power, fuel, and isotope businesses, including DOE approvals for its Aurora plant, a prepayment agreement with Meta for up to 1.2 GW in Ohio, initial fuel facility construction, and milestones tied to isotope operations. The firm also noted Oklo ended the quarter with $1.4B in cash, raised $1.2B post-quarter, and guided 2026 operating and investing cash use.

Oklo Inc. (NYSE:OKLO) develops advanced fission power plants for energy generation.

While we acknowledge the risk and potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKLO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.