Super Micro Computer stock was falling early Wednesday after its CEO’s attempts to ease concerns about a potential delisting from the Nasdaq seemingly failed to convince the market. Shares were falling another 5.

The server manufacturer had previously benefited from the surge in demand for AI infrastructure, but its shares were affected by an auditing scandal.

Since then, the business has found a new auditor, announced sweeping changes in leadership, and SMCI stock recovered to $40.54 at press time. However, on December 10, shares of SMCI saw an 8.20% crash — and in the premarket trading session, prices went as low as $38.99, bringing the combined decrease to 11.70%.

Super Micro Computer stock took another leap higher early Monday on news it has secured an extension with Nasdaq to file its already delayed earnings report. Shares of the AI server maker—which were facing the threat of delisting for failing to comply with Nasdaq’s rules on filing figures—rose 8.

Super Micro Computer’s stock (SMCI) has been at the center of controversy in recent months due to accounting fraud allegations from a

Super Micro Computer Chief Executive Charles Liang on Tuesday said he is confident the technology company's stock will not be delisted from the Nasdaq.

Shares of Super Micro Computer, Inc. ($SMCI) fell sharply on Wednesday, defying the broader market strength and the buoyancy seen in the tech space. Super Micro was down for a second straight session after starting the week on a modestly positive note.

Super Micro Computer stock is sliding following a cautious analyst note from JPMorgan, despite CEO Charles Liang's attempt to dispel delisting fears.