IonQ falls after Kerrisdale takes short position

Shares of quantum computing firm IonQ IONQ.N fall ~3% to $21.17

Kerrisdale Capital says it has taken short position in IonQ

Massive scaling challenges and reliance on photonic interconnects means co is nowhere close to producing commercially viable product, Kerrisdale says

"As reality sets in on the quantum computing bubble, IONQ remains wildly inflated," investment firm says

Reuters could not independently verify the claims in the short seller's report

IonQ did not immediately respond to Reuters' request for comment

Stock more than tripled in 2024