After two straight days of selling, Super Micro stock is wavering in Thursday morning trading. Shares might look cheap enough to draw in some buyers despite a pair of issues weighing on the stock. The stock might avoid being delisted from the Nasdaq stock exchange—but it looks destined to be removed from the Nasdaq 100 index.

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

Super Micro’s management helped assuage some concerns over customer orders, margins and liquidity, but J.P. Morgan is still bearish on the stock.

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.