IonQ Inc., a quantum computing company, experienced significant stock price volatility following a series of developments. The company's shares rose by 17% during trading, but later saw a 5% decline after Kerrisdale Capital announced a short position on IonQ, citing massive scaling challenges and a lack of commercially viable products. Amidst the stock movements, IonQ director William Scannell made a significant insider purchase, acquiring $2.03 million in common stock, signaling confidence in the company's future. This insider buying was reported as the stock was attempting to break through resistance levels and had risen by 9% in overnight trading. The bearish sentiment was further amplified by comments from Martin Shkreli, who labeled IonQ as a 'zero', aligning with Kerrisdale's view on the company's prospects. Kerrisdale's report highlighted IonQ's reliance on photonic interconnects and the unrealistic expectations for near-term improvements in this technology, pointing to concerns about the quantum computing bubble.