10 AI Bubble Stocks to Short Now According to Reddit

​8. Ondas Inc. (NASDAQ:ONDS)

Number of Hedge Fund Holders: 34

Ondas Inc. (NASDAQ:ONDS) is one of the AI Bubble Stocks to Short Now According to Reddit. The stock’s short float exceeds 31%; however, analysts’ 12-month average price target suggests more than 67% upside from the current levels.

​Recently, on June 2, Ondas Inc. (NASDAQ:ONDS) announced that its subsidiary World View Enterprises has secured a $4.8 million, three-month contract with the US Naval Forces Southern Command and defense technology firm SMX. Management noted that the project includes deploying high-altitude balloon systems to support counter-narcotics operations and combat illegal fishing across the Eastern Pacific and Caribbean.

As per the contract, the subsidiary of Ondas will provide intelligence surveillance and reconnaissance from the stratosphere, allowing military operators wide-area visibility across vast and complex maritime environments. Moreover, this contract is based on the previous contracts under which World View showcased how stratospheric platforms can support real-time maritime surveillance and AI-enabled analytics.

​That said, Ondas Inc. (NASDAQ:ONDS) delivered strong fiscal Q1 2026 earnings on May 14. During the quarter, the company’s revenue hit $50.1 million, reflecting more than a tenfold increase year-over-year and more than 25% ahead of the management’s high-end guidance. The company also raised its full-year 2026 revenue target to at least $390 million, representing approximately 670% growth over 2025.

​Ondas Inc. (NASDAQ:ONDS) provides private wireless, drone, and automated data solutions in the United States and internationally.