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 is currently trading just around the $32 mark. Its one-year returns stand at a paltry 10%, nothing to write home about. Yet the stock has been in the news throughout the year, for both good and bad reasons.

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.

Amid the intensifying race to dominate in artificial intelligence (AI), tech giants are committing vast sums to cutting-edge infrastructure. This investment wave highlights AI's transformative role across sectors,