While worries about slowing AI spending and higher rates have weighed on the broader market, SMCI’s biggest issue is more specific.

Though Supermicro has offered investors some signs of a turnaround in recent weeks, the company just got another bit of negative news last week: It will be exiting the Nasdaq 100 Index as of Dec. 23. This is part of the index's rebalancing, a time when certain stocks are added or removed.

The server maker has been on a roller coaster, getting caught up in the excitement about artificial intelligence which helped shares lift to a March high, but worries about accounting dragged them back down.

Super Micro Computer (SMCI -4.64%) has been one of the hottest stocks to own during the past month. Since plummeting to $18 a month ago, the stock has rallied in a big way -- almo

The Super Micro Computer (SMCI) stock price has had a roller coaster this year. It initially surged to a high of $122 in March this year, up by over 345% from its lowest point in January. It then erased most of those gains and dropped to the current $32.

Super Micro Computer stock was pointing higher early Wednesday and look like they’re stabilizing after falling sharply. That’s the good news… the bad news is that it could take weeks for a catalyst to send shares sharply higher again.

Super Micro Computer (SMCI) has easily been among the most volatile large-cap stocks in 2024. After surging to all-time highs in March, the tech stock currently trades over 72% below record levels, valuing the company at a market cap of $18.