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IonQ, Inc. (NYSE:IONQ) is one of the AI Bubble Stocks to Short Now According to Reddit. The stock’s short float stands at around 20%; and the company posted its fiscal Q1 2026 earnings on May 6.

​During the quarter, IonQ, Inc. (NYSE:IONQ) delivered its fourth consecutive quarter of record revenue, with revenue reaching $64.7 million, reflecting a 755% year-over-year increase and 30% above the midpoint of its own guidance. Following the release, management raised its full-year revenue outlook to $260 million to $270 million, implying continued organic growth of 100% or better.

​Management highlighted the sale of IonQ’s first 256-qubit, sixth-generation chip-based quantum system. The company also received its first ion trap chip samples back from fabrication, marking a shift from component testing to full system-level integration. Notably, the remaining performance obligation surged 554% year over year to a record $470 million, providing strong visibility into future revenue.

​IonQ Inc. (NYSE:IONQ) is a developer of quantum computing systems. It provides access to quantum computers via its own cloud services, as well as other cloud platforms such as Microsoft’s Azure Quantum and AWS.

While we acknowledge the potential of IONQ 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.

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