In this piece we will look at the 5 AI Bubble Stocks to Short Now According to Reddit. Please visit 10 AI Bubble Stocks to Short Now According to Reddit if you’d like to see an extended list and how we came up with the list of AI Bubble Stocks to Short Now According to Reddit.

​5. UiPath, Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 40

UiPath, Inc. (NYSE:PATH) has fallen more than 28.5% on a year-to-date basis, and the stock’s short float has exceeded 30%, making it one of the AI Bubble Stocks to Short Now According to Reddit. Wall Street has turned cautious, with 74% of the 23 analysts covering the stock maintaining a Hold rating on the shares.

​Recently, on June 1, BMO Capital lowered the price target on UiPath, Inc. (NYSE:PATH) from $14 to $13, while maintaining a Hold rating on the shares. Earlier on May 29, William Blair analyst Patrick McIlwee also maintained a Neutral stance on the stock without disclosing any price targets.

​BMO acknowledged that the company posted a solid start to fiscal 2027, with revenue coming in ahead of expectations. However, the firm noted that net new ARR came in modestly below consensus on a constant currency basis, which tempered enthusiasm. Looking ahead, BMO believes larger AI-driven deals and strength among enterprise customers will be the key drivers of net new ARR growth.

​Patrick McIlwee of William Blair also acknowledged the first quarter results to be solid, but finds limited upside at current valuation levels. He noted that the company topped revenue expectations, driven by AI-driven agentic and orchestration products’ notable strength. However, he highlighted that much of the revenue beat was driven by license revenue, which likely explains the post-earnings share price pullback despite the headline beat. He noted that although management has guided towards solid growth, the stock trades at a high multiple of forward free cash flow.

​UiPath, Inc. (NYSE:PATH) is a firm that works in the development and provision of a software platform to automate business processes.

​4. Bitdeer Technologies Group (NASDAQ:BTDR)

Number of Hedge Fund Holders: 40

Bitdeer Technologies Group (NASDAQ:BTDR) is one of the AI Bubble Stocks to Short Now According to Reddit. On June 2, Bitdeer Technologies Group (NASDAQ:BTDR) announced breaking ground on a major new facility near Fox Creek, Alberta, marking its entry into Canada with a $155 million long-term investment.

​Management noted that the project combines a 101 MW natural gas power plant with approximately 100 MW of computing capacity and is designed initially for Bitcoin mining with flexibility to support AI and high-performance computing workloads in the future. A key highlight of the facility is its behind-the-fence power model under Alberta’s bring-your-own-generation framework. This model centers on drawing electricity from its on-site plant rather than the grid. This improves efficiency and reduces transmission losses. Moreover, during periods of peak grid demand, the facility can also contribute electricity back to the Alberta grid.

​Bitdeer Technologies Group (NASDAQ:BTDR) plans the energization process by Q2 2027, and the project is expected to create 300 construction jobs and 30 permanent positions, with priority given to local and Alberta-based hiring.

Although the stock has surged around 60% during the past month, driven by major infrastructure breakthroughs and new hardware launches, its short float remains elevated at around 34%.

​Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company specializing in blockchain and computing, offering hash rate sharing solutions, including Cloud hash rate and one-stop mining machine hosting solutions for efficient cryptocurrency mining.

​3. Figma, Inc. (NYSE:FIG)

Number of Hedge Fund Holders: 51

Figma, Inc. (NYSE:FIG) is one of the AI Bubble Stocks to Short Now According to Reddit. The stock has declined more than 38% on a year-to-date basis, and the stock’s short float has exceeded 36%. According to Reddit, many investors are betting against Figma, Inc. (NYSE:FIG) due to the looming threat from AI. However, the stock surged more than 44% in May after significantly beating Q1 revenue expectations and raising its full-year guidance.

The company posted quarterly revenue of $333.44 million in Q1 2026, reflecting a 46% year-over-year growth. It was the second consecutive quarter of accelerating growth. Management attributed the strong expansion across organizations to the rapid adoption of AI products, including Figma Make, MCP, and Figma Weave. As a result, paid customers grew 54% year over year to approximately 690,000, while larger customers spending over $100,000 annually grew 48%.

​AI adoption is proving to be a meaningful driver of revenue, according to management, roughly 60% of enterprise customers use Figma Make weekly, and MCP weekly active users grew fivefold quarter over quarter. Looking ahead, the company raised its full-year 2026 revenue guidance by $55 million to approximately $1.425 billion.

​Figma Inc. (NYSE:FIG) provides a browser-based platform for design, prototyping, and building digital experiences.

2. Nebius Group N.V. (NASDAQ:NBIS)

Number of Hedge Fund Holders: 60

Nebius Group N.V. (NASDAQ:NBIS) has surged more than 40% over the past month. However, the stock’s short float remains elevated at more than 20%, making it one of the AI Bubble Stocks to Short Now According to Reddit. Much of the gains, almost 20%, came after the company posted strong results in fiscal Q1 2026 earnings, released on May 13.

​During the quarter, Nebius Group N.V. (NASDAQ:NBIS) posted $399 million in revenue, reflecting 684% year-over-year growth and topping the expectations of $388.57 million. The EPS of negative $0.39 also came in ahead of the expectations of negative $0.78. The company’s AI segment drove 98% of the total revenue and grew more than 840% year-over-year to reach $390 million.

​Recently, on June 2, BNP Paribas initiated coverage of the stock with a Hold rating and a $255 price target. Earlier on May 14, Compass Point had raised the firm’s price target from $150 to $260 and maintained a Buy rating on the shares.

​Nebius Group NV (NASDAQ:NBIS) is a technology company that provides infrastructure and services to AI builders worldwide. It offers Nebius AI, an AI-centric cloud platform that provides full-stack infrastructure, including large-scale GPU clusters, cloud services, and developer tools.

​1. Core Scientific, Inc. (NASDAQ:CORZ)

Number of Hedge Fund Holders: 81

Core Scientific, Inc. (NASDAQ:CORZ) is one of the AI Bubble Stocks to Short Now According to Reddit. Recently, on May 27, B. Riley analyst Nick Giles raised the firm’s price target on Core Scientific, Inc. (NASDAQ:CORZ) to $33 from $30 and kept a Buy rating on the shares.

​The analyst cited accelerating momentum in hyperscale data center contracting as one of the key reasons behind increased bullish sentiment. Nick Giles highlighted that the pace and scale of recent hyperscale deals have picked up meaningfully, thereby prompting him to update models to reflect new contract and site announcements alongside the latest quarterly results.

The firm noted that it is getting tougher to build new data centers due to NIMBY opposition, delays in connecting to the power grid, and shortages of electrical equipment. Because of this, investors are willing to pay more for companies that already have power secured and projects ready to go. The analysts believe that this is exactly where Core Scientific stands out.

​Although the stock has gained more than 120% over the past year, its short float remains high at more than 22%. Wall Street appears to be bullish as 94% of the 17 analysts covering the stock maintain a Buy rating. The average 12-month price target reflects around 8% upside from the current levels.

​Core Scientific Inc. (NASDAQ:CORZ) operates digital Bitcoin mining and HPC infrastructure. The company uses its own fleet of computers, called miners, to earn Bitcoin for its own account and also provides hosting services for Bitcoin mining and HPC customers at US-based operational data centers.

READ NEXT: 9 Most Undervalued Foreign Stocks to Buy Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.