Super Micro Computer, Inc. SMCI, once a star in the AI hardware space, has seen its stock nosedive 63.3% over the past six months. This stark decline stands in contrast to the Zacks Computer and Technology sector's modest 3.

This was the stock's second consecutive day of losses.

It's been a topsy-turvy year for Super Micro Computer ( SMCI 10.91%). Once seen as the next big artificial intelligence (AI) stock, it has come crashing down to reality in recent months due to concerns about the reliability of its numbers and accounting controls.

Super Micro Computer Inc. stock was rising modestly early Friday, attempting to bounce back after five days of losses. The surprising thing about the shares, however, has been the lack of volatility that characterized them in 2024.

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report)’s share price traded up 4.8% during mid-day trading on Friday . The company traded as high as $31.52 and last traded at $31.48. 10,200,266 shares changed hands during trading,

Shares of Super Micro Computer Inc. SMCI slid 5.68% to $34.38 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.11% to 5,909.03 and Dow Jones Industrial Average DJIA falling 0.42% to 42,528.36.

The server maker is caught between its homegrown troubles and the excitement about the potential for artificial intelligence technology.

Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.

Big swings up and down have become typical for Super Micro, which is caught between the hype of artificial intelligence and concerns about the firm’s finances.